Shares of Jubilant Foodworks Ltd were 1.94% on the NSE, having risen 1.81% at 10:20 am on Monday. So far, the stock has opened at Rs 609 after hitting an intraday high and low of Rs 612.5 and Rs 605.2, respectively.

The stock was quoted at a 52-week high of Rs 915.49 and a 52-week low of Rs 451.6. About 77,558 shares have changed hands over the counter so far.

At the time of writing, the benchmark Nifty50 was up 127.2 points at 17960.55, while the BSE Sensex was up 409.04 points at 60,202.18. In the Nifty basket, 46 stocks were traded in the green, while four stocks were traded in the red.

For the quarter that ended on June 30, 2022, the company reported consolidated sales of Rs 1,265.75 crore, up 6.49% from Rs 1,188.61 crore in the previous quarter and up 40.43% from the same period last year. The company has reported a net profit of Rs 112.75 crore in the latest quarter. As of June 30, 2022, the promoter holds 41.94%, FII holds 29.8%, and MF holds 12.6%.

On the technical charts, the stock’s 200-day moving average (DMA) stood at Rs 597.35 on September 12, while the 50-day SMA was at Rs 578.58. If a stock trades above the 50-DMA and 200-DMA, it usually means the current trend is up. On the other hand, if a stock is trading well below the 50-DMA and 200-DMA, it is considered a bearish trend, and if it is trading between these averages, it is a sign that the stock can go in any direction.