News for Jubilant FoodWorks Limited (JUBLFOOD.BO)

Oil and Natural Gas Corp., BSE Ltd., Jubilant FoodWorks Ltd., and pharma stocks were among top companies and sectors on brokerages' radar on Friday. In addition, Jefferies' India Strategy notes ongoing US-India negotiations, with New Delhi optimistic about a potential deal. Possible outcomes include increased defence and oil/gas imports from the US, potentially softening the impact, while sectors like autos, pharma, textiles, and alcohol may face adverse effects.

CEO Kohli Quits Britannia: FMCG major Britannia Industries announced on Thursday that its Executive Director and Chief Executive Officer (CEO) Rajneet Singh Kohli has resigned from his position with effect from March 14, 2025.

IREDA shares slipped 6.43 per cent to Rs 155.75. Deepak Fertilisers declined 6.81 per cent to Rs 957.75. Redington lost 6.38 per cent to Rs 234.90. Jubilant FoodWorks Ltd also fell 4.82 per cent to Rs 638.15.

Feb 12, 2025 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Q3 and nine months FY25 Conference Call hosted by Jubilant FoodWorks Limit

Stocks including Vodafone Idea, NBCC (India), BEML, Hero Moto, IRCTC, Kolte Patil, ITC, Jupiter Wagons, Cyient DLM and more will be in the spotlight on Wednesday, February 12.

Eicher Motors Ltd., BSE Ltd., ABB India Ltd., Larsen & Toubro Ltd. and Titan Co. are among the companies that Jefferies expects will post strong third quarter earnings this season, amid a dim forecast for broader India Inc. Jefferies projects earnings growth for companies in its coverage, excluding oil and gas and metals, to decline by two percentage points on a sequential basis to an 18-quarter low of 8% year-on-year on a sharp slowdown in lending financial earnings.

Jubilant FoodWorks expects 56% revenue growth, adds 130 stores, partners with Coca-Cola for beverage supply.

The ITI stock has shown strong momentum since the end of October, consistently reaching higher highs and lower lows. It has delivered a return of 155% since the end of October and 45% in the last 7 days alone.

Jubilant FoodWorks shares have gained 35.07% in one year and risen 2% since the beginning of this year. In a month, the stock has climbed 15.45%.

Buying interest in select heavyweights such as Infosys Ltd, Mahindra & Mahindra (M&M), Bajaj Finance, Maruti Suzuki India, Kotak Mahindra Bank, Reliance Industries Ltd and Bajaj Finserv lifted the indices higher.

Stocks that reached fresh highs included Jubilant FoodWorks, which rose nearly 3%, Muthoot Finance, which gained almost 4%, and Laurus Labs, which closed with more than a 2% increase on Wednesday.

Jubilant FoodWorks has formed a strong resistance zone at 700, with sustained buying pushing the stock upward. A breakout from a Cup and Handle pattern signals renewed bullish momentum. The stock trading above key moving averages confirms the uptrend, while a positive DMI+ crossover and ADX above 30 indicate strengthening bullish momentum and strong underlying strength.

Shares of Jubilant Foodworks (JFL) are likely to remain in focus as the company has signed a memorandum of understanding (MoU) with Coca-Cola India to acquire a portfolio of sparkling beverage products for its various brands.

Stocks including DAM Capital, Mamata Machinery, Mazagon Dock, Jubilant Foodworks, IndusInd Bank, Power Mech, SKF India and more will be in the spotlight on Friday, December 27.

Jubilant FoodWorks Ltd partners with Coca-Cola India for beverage products, enhancing consumer offerings in leading food services company.

The domestic indices settled slightly lower in the previous session as metals, IT, PSU banks and financials dragged. The 30-share BSE Sensex pack fell 67 points or 0.09 per cent to settle at 78,473, while the broader NSE Nifty index moved 26 points or 0.11 per cent down to close at 23,728.

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Stocks including Tata Motors, JSW Steel, Life Insurance Corporation, Asian Paints, ITI, Divis Laboratories, Ola Electrics, GR Infra and more will be the spotlight on Monday, November 11.

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.