Jubilant Food shares dive nearly 10%; mcap down by Rs 738 crore

Following the decline in the stock, the company's market valuation fell by Rs 738.29 crore to Rs 7,030.71 crore

PTI September 06, 2016 17:53:46 IST
Jubilant Food shares dive nearly 10%; mcap down by Rs 738 crore

New Delhi: Shares of Jubilant FoodWorks slumped nearly 10 percent Tuesday after it reported 31.09 percent fall in standalone net profit for the first quarter ended June 30.

Jubilant Food shares dive nearly 10 mcap down by Rs 738 crore

The scrip tanked 9.51 percent to settle at Rs 1,067.90 on BSE. During the day, it dived 10.26 percent to Rs 1,059. At NSE, shares of the company plunged 9.73 percent to end at Rs 1,067.90.

Following the decline in the stock, the company's market valuation fell by Rs 738.29 crore to Rs 7,030.71 crore.

On the volume front, 2.86 lakh shares of the company were traded on BSE and more than 33 lakh shares changed hands on NSE during the day.

Stock markets were closed yesterday for 'Ganesh Chaturthi'.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, on Saturday reported 31.09 percent fall in standalone net profit at Rs 18.99 crore for the first quarter.

The company had posted a net profit of Rs 27.56 crore in the same period of previous fiscal.

However, total income from operations went up 6.69 percent to Rs 608.91 crore during the quarter under review as against Rs 570.68 crore in the year-ago period, Jubilant FoodWorks (JFL) had said in a filing to the BSE.

Updated Date:

also read

Market roundup: Sensex up by 392 points, Nifty closes at 15,790; today's top gainers and losers
Business

Market roundup: Sensex up by 392 points, Nifty closes at 15,790; today's top gainers and losers

Only Nifty Media, Nifty Pharma, Nifty PSU, and Nifty Realty were trading in red while all the other sectoral indices were trading in the green on 24 June

Market Roundup: Sensex up by 230 points, Nifty closes at 15,746; today’s top gainers and losers
Business

Market Roundup: Sensex up by 230 points, Nifty closes at 15,746; today’s top gainers and losers

At the closing bell, Sensex went up by 230.01 points and closed at 52,574.46. Nifty closed at 15,746.50 after increasing 63.15 points

Market Roundup: Sensex down by 178 points; Nifty closes at 15,691; top gainers and losers at the bourses
Business

Market Roundup: Sensex down by 178 points; Nifty closes at 15,691; top gainers and losers at the bourses

Share market on 17 June: UltraTech, TCS, Infosys and Asian Paint were among the top gainers Thursday as the stock market ended the day in the red