Shares of Jubilant FoodWorks have slipped. Know why
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Shares of Jubilant said its first quarter net profit rose 6.5 percent to 29.5 crore rupees compared with 27.7 crore rupees in the year ago period. Sales during April-June rose 20 percent to 570.7 crore rupees versus 476.8 crore rupees.
As a consequence Jubilant fell 49.15 rupees, or 2.7 percent, 1,770 rupees on the National Stock Exchange where 5.2 lakh shares were traded compared with 2.40 lakh shares as its 5-day average.
Jubilant's market capitalisation has gained 56 percent to 11,743 crore rupees. Jubilant's trades at 18 times its book value of 98.44 rupees.
Image credit: Indiatimes
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