 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Coffee Day Enterprises, Jubilant FoodWorks, Just Dial and Network18 Media & Investments from the BSE500 index have hit their respective 52-week lows on the BSE on Wednesday in intra-day trade.
Post demonetization scheme, since November 9, all these four stocks have fallen between 8% and 15%, on concerns of the government move to abolish high-denomination notes may impact the sales for short term. The S&P BSE Sensex was down 4.4% during the same period.
Jubilant FoodWorks hit a 52-week low of Rs 818 on the BSE in intra-day trade today, falling 16% in past six-weeks. Jubilant FoodWorks is a leading player in the organized quick service restaurants (QSR) industry with over 70% share in the organized pizza market (under Domino’s Pizza).
JP Morgan expects de-monetization impact to affect the earnings trajectory for Jubilant FoodWorks meaningfully in 2HFY17 (October-March) as impulse purchases will come down.
Disruption on account of lack of cash (over 70% of transactions are cash based) will weigh on earnings performance in 2H, the foreign brokerage said in a report.
Coffee Day Enterprises touch an intra-day low of Rs 195, has seen its stock price decline by 13% during the period. The company’s same store sales growth (SSSG) growth stood at 3.04% in Q2FY17 against 4.06% in Q1FY17 and 5.26% in Q2FY16.
In a post Q2F17 earnings call, Coffee Day Enterprises management noted that their stores witnessed a 19% dip in sales immediately post demonetization announcement and the decline moderating gradually with a 4% dip five days later.
At 11:54 am; the stock was up 5% at Rs 205, recovering its entire morning losses, after a huge block deal executed on the BSE. Around 1.01 million shares representing 0.49% of total equity of the company changed hands on the BSE.
Post demonetization scheme, since November 9, all these four stocks have fallen between 8% and 15%, on concerns of the government move to abolish high-denomination notes may impact the sales for short term. The S&P BSE Sensex was down 4.4% during the same period.
Jubilant FoodWorks hit a 52-week low of Rs 818 on the BSE in intra-day trade today, falling 16% in past six-weeks. Jubilant FoodWorks is a leading player in the organized quick service restaurants (QSR) industry with over 70% share in the organized pizza market (under Domino’s Pizza).
JP Morgan expects de-monetization impact to affect the earnings trajectory for Jubilant FoodWorks meaningfully in 2HFY17 (October-March) as impulse purchases will come down.
Disruption on account of lack of cash (over 70% of transactions are cash based) will weigh on earnings performance in 2H, the foreign brokerage said in a report.
Coffee Day Enterprises touch an intra-day low of Rs 195, has seen its stock price decline by 13% during the period. The company’s same store sales growth (SSSG) growth stood at 3.04% in Q2FY17 against 4.06% in Q1FY17 and 5.26% in Q2FY16.
In a post Q2F17 earnings call, Coffee Day Enterprises management noted that their stores witnessed a 19% dip in sales immediately post demonetization announcement and the decline moderating gradually with a 4% dip five days later.
At 11:54 am; the stock was up 5% at Rs 205, recovering its entire morning losses, after a huge block deal executed on the BSE. Around 1.01 million shares representing 0.49% of total equity of the company changed hands on the BSE.
| Company | 08/11/2016 | LTP | % chg | 52-wk high |
| Jubilant Food | 974.45 | 824.20 | -15.42 | 1534.00 |
| Netwrk.18 Media | 40.10 | 34.65 | -13.59 | 63.90 |
| Just Dial | 394.00 | 346.20 | -12.13 | 903.00 |
| Coffee Day Enter | 223.45 | 205.00 | -8.26 | 297.40 |
| Sensex | 27591.00 | 26351.00 | -4.49 |
