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
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.
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.
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
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
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