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The QSR (Quick Service Restaurant) company, Jubilant Foodworks, a large company in the fast moving consumer goods industry (FMCG) has set July 11 as the record date. This is a subsidiary of Bhartia Group Jubilant and is the largest food business company in India, with franchise business arrangements for three global brands: Domino’s Pizza, Dunkin ‘Donuts, and Popeyes.
“This is further to our letter dated May 30, 2022, which was told that the Board of Directors of Foodworks Limited in its meeting held on May 30, 2022, had a dividend that was recommended between the tries for 2021-22 which was subject to the approval of shareholders in the meeting The next annual general (“GMS”). Based on Regulation 42 Regulation List, the company has set Monday, July 11, 2022, as a note date for the purpose of determining the names of members who meet the requirements for dividends of RS 1.20/ – (eg 60 60 percent) per equity share of the nominal value of the hospital 2/-respectively for the financial year 2021-22. Dividends with the approval by shareholders will be paid/sent within 30 days from the date of the GMS and also the issuance of taxes at the source, “said company in submitting BSE.
Stock price history
Its stock prices are significantly performing poorly both sector and market indexes in the past year. Stocks are traded in the 12-month attacker PE from 55.2 times compared to discretionary goods BSE and BSE Sensex consumer, which are traded 28.9 times and 17.8 times each.
In the previous year, shares have fallen 23.50 percent, and years-date (YTD) so far in 2022, shares have fallen 32.00 percent. In the past 6 months, shares have fallen 27.17 percent but in the last 1 month the shares have risen 2.39 percent and in the last 5 days of trading shares have dropped 3.75 percent. In NSE, Jubilant Foodworks shares reached the highest 52 weeks RS 918.00 on October 18, 2021, and the lowest 52 weeks RS 451.20 on May 12, 2022, showed that the current stock Sunday and above 10.15 percent of the lowest 52 weeks. Jubilant Food is traded below the average movement of 5 days, 20 days, 50 days, 100 days, and 200 days based on today’s closing price.
Should you invest?
ICICI Direct has tag ‘Selling’ to stock in RS 495 – RS 498 Target RS 430 and Stoploss RS 531.1. Over the past six months, happy foodworks have been under consistent shipping -based sales pressure. Interest in stocks that have increased sharply in new recovery -this has begun to decline indicating long liquidation. Open flowers at this time in stock are still increasing and the closure of positions can trigger further weakness. In addition, writing aggressive calls can be seen near ATM attacks. Because the stock has moved under the main round of 500, fresh selling action is likely in the stock in the upcoming session.
Stocks were closed at RS 497 in today’s trading session, up 1.31 percent from the previous closure of RS 490.55
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