Jubilant Food share price: Jubilant Food shares gain 3.04% as Sensex increases

The shares of Jubilant Foodworks Ltd. traded up 3.04% at Rs 4,185.25 at 10:00 am (IST) on Tuesday, even as the BSE benchmark Sensex gained 25.98 points to 60,161.76.

The stock had closed at Rs 4,061.7 in the previous session. The stock listed a 52-week high price of Rs 4,271.0 and a 52-week low price of Rs 2,099.6, respectively. According to ESB data, the total volume traded over the counter until 10:00 am (IST) stood at 10,450 shares with a turnover of Rs 4.34 crore.

At the current price, the stock has traded at 142.91 times its 12-month EPS of Rs 28.42 per share and 26.94 times its price / book value, according to stock exchange data.

A higher P / E ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow. The stock’s beta value, which measures its volatility relative to the broader market, was 1.0.

Shareholder details

Promoters held 41.94% of the company’s capital as of June 30, 2021, while FIIs held 41.72% and DIIs 8.97%.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 59.96. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.

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