Jubilant FoodWorks gains on bargain hunting

Meanwhile, the S&P BSE Sensex was down 43.83 points or 0.23% at 19,179.45.

On BSE, 64,501 shares were traded in the counter as against average daily volume of 67,468 shares in the past two weeks.

The stock hit a high of Rs 968 and low of Rs 931 so far during the day. The stock had hit a 52-week low of Rs 928 on Tuesday, 18 June 2013. The stock hit a record high of Rs 1,397 on 28 September 2012.

The stock had underperformed the market over the past one month till 18 June 2013, sliding 14.33% compared with the Sensex's 5.24% fall. The scrip had also underperformed the market in past one quarter, falling 25.99% as against Sensex's 0.36% fall.

The mid-cap company has equity capital of Rs 65.28 crore. Face value per share is Rs 10.

Shares of Jubilant FoodWorks have been on a downward journey recently, sliding 17.08% in eleven trading days to Rs 934.95 on 18 June 2013 from a recent high of Rs 1127.50 on 3 June 2013. Weston Investments, a promoter entity, had reduced its stake in Jubilant FoodWorks to 5.57% from 6.12% by selling 3.59 lakh shares or 0.55% stake in open market on 10 June 2013.

Jubilant FoodWorks' net profit rose 11.5% to Rs 32.71 crore on 29.3% growth in net sales to Rs 365.75 crore in Q4 March 2013 over Q4 March 2012.

Jubilant FoodWorks has a network of 576 Domino's Pizza stores (as of 31 March 2013) across 123 cities. Jubilant FoodWorks & its subsidiary operate Domino's Pizza brand with the exclusive rights for India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India and has launched 10 Dunkin' Donuts restaurants in India (as of 31 March 2013).

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