Jubilant FoodWorks advanced 3.37% to Rs 1,317.45 at 11:50 IST on BSE, with the stock extending Monday's rally triggered by the company reporting good Q1 June 2017 results.
Meanwhile, the S&P BSE Sensex was down 244.79 points or 0.76% at 31,829.99. The S&P BSE Mid-Cap index fell 6.02 points or 0.04% at 15,191.43.
On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 68,945 shares in the past one quarter. The stock had hit a high of Rs 1,328.75 so far during the day, which is a 52-week high. The stock hit a low of Rs 1,247.25 so far during the day. The stock had hit a 52-week low of Rs 761 on 26 December 2016.
The stock had outperformed the market over the past one month till 17 July 2017, advancing 35.98% compared with the Sensex's 3.28% rise. The stock had also outperformed the market over the past one quarter, gaining 28.94% as against the Sensex's 9.05% rise. The scrip had, however, underperformed the market over the past one year, gaining 11.25% as against the Sensex's 15.23% rise.
The mid-cap company has equity capital of Rs 65.98 crore. Face value per share is Rs 10.
Shares of Jubilant FoodWorks have risen 13% in two trading sessions to its ruling market price, from its close of Rs 1,165.95 on 14 July 2017 after the company announced good Q1 June 2017 earnings during market hours yesterday, 17 July 2017. The stock had rallied 9.31% to settle at Rs 1,274.55 yesterday, 17 July 2017.
Jubilant FoodWorks' net profit rose 25.53% to Rs 23.84 crore on 10.62% growth in total income to Rs 681.81 crore in Q1 June 2017 over Q1 June 2016.
Jubilant FoodWorks' President & CFO Sachin Sharma has resigned from the services of the company. His last working day will be 21 July 2017. The Board will appoint his successor in due course.
The shares of Jubilant FoodWorks had also witnessed pre-result gains. The stock had risen 6.96% in three trading sessions to settle at Rs 1,165.95 on 14 July 2017, from its closing of Rs 1,090 on 11 July 2017.
Jubilant FoodWorks is part of Jubilant Bhartia group and India's largest food service company with a network of Domino's Pizza restaurants pan India. The company & its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India.
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