Jubilant FoodWorks surged 8.7% to Rs 2,273.50 at 15:19 IST on BSE, with the stock extending Friday's rally triggered by the company reporting strong Q3 December 2017 results.
Meanwhile, the S&P BSE Sensex was up 290.24 points or 0.82% at 35,801.82.
On the BSE, 3.93 lakh shares were traded in the counter so far, compared with average daily volumes of 56,645 shares in the past one quarter. The stock had hit a high of Rs 2,295.95 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 2,150 so far during the day. The stock hit a 52-week low of Rs 817.60 on 30 May 2017.
The stock had outperformed the market over the past one month till 19 January 2018, gaining 18.65% compared with the Sensex's 4.95% rise. The stock had also outperformed the market over the past one quarter, advancing 36.64% as against the Sensex's 9.64% rise. The scrip had also outperformed the market over the past one year, surging 136.03% as against the Sensex's 30.04% rise.
The large-cap company has equity capital of Rs 65.98 crore. Face value per share is Rs 10.
Shares of Jubilant FoodWorks have rallied 17.09% in two trading sessions to its ruling price, from its close of Rs 1,941.55 on 18 January 2018, after the company reported stellar Q3 December 2017 earnings during trading hours on Friday, 19 January 2018. On that day, the stock had spurted 7.73% to settle at Rs 2,091.55.
Jubilant FoodWorks' net profit jumped 230.6% to Rs 66.02 crore on 20.7% growth in net sales to Rs 795.17 crore in Q3 December 2017 over Q3 December 2016.
Jubilant FoodWorks is one of India's largest food service company, with a network of 1,128 Domino's Pizza restaurants across 265 cities. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India and has 43 Dunkin' Donuts restaurants across 12 cities in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
