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Jubilant Foodworks shares dip 1.35%, trading volume spikes

EditorAmbhini Aishwarya
Published 10/30/2023, 04:06 AM
Updated 10/30/2023, 04:06 AM
© Reuters.

Jubilant Foodworks Ltd.'s shares experienced a 1.35% decrease in value on Monday, trading at ₹498.2 on the BSE at 13:03 IST (03:33 ET). This decline followed a gap down opening and led to a substantial trading volume with over 50,415 lakh shares changing hands.

The company's shares have seen a 52-week range of ₹412.2 to ₹627.75, resulting in a market cap of 32899.88 crore (INR100 crore = approx. USD12 million). Key financial indicators for Jubilant include a P/E ratio of 139.98, P/B ratio of 14.26, and an ROE of 17.33%.

In the broader BSE500 pack, Jubilant was among the 270 stocks that ended in red, compared to 231 stocks that closed in green on Monday.

As of the end of September, the company's stake holding pattern showed promoters holding 41.94%, foreign portfolio investors (FPIs) owning 25.22%, and domestic institutional investors (DIIs) possessing a stake of 22.15%.

InvestingPro Insights

Looking at real-time data from InvestingPro, Jubilant Foodworks Ltd. is a prominent player in the Hotels, Restaurants & Leisure industry, and it has maintained its dividend payments for 9 consecutive years, a testament to its strong earnings. This aligns with the fact that Jubilant has been profitable over the last twelve months, which is expected to continue, as analysts predict the company will be profitable this year as well.

On the other hand, the company is trading at a high earnings multiple and a high Price / Book multiple, which is reflected in its P/E ratio of 139.98 and P/B ratio of 14.26 mentioned in the article. One InvestingPro Tip to note is that Jubilant's short term obligations exceed its liquid assets, which could be a potential risk.

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For more detailed insights and additional tips on Jubilant Foodworks Ltd., consider subscribing to InvestingPro's premium service here. There are 13 more InvestingPro Tips available for Jubilant Foodworks Ltd. that can provide further valuable insights into the company's performance and position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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