Jubilant Foodworks share price NSE BSE: At 12:01 p.m., shares of Jubilant Foodworks traded 2.05 per cent, or Rs 9.15, lower at Rs 436.2 apiece. The market capitalisation of the company at around the same time stood at Rs 28,825.34 crore. Get more Stocks News and Business News on Zee Business.
A prolonged rural slowdown is dragging demand for packaged consumer goods. A revival later this year depends on monsoons and post-election government spending
Inflation came in line with market expectations, however, industrial output came in slightly lower than expected, as per Motilal Oswal Financial Services.
Amnish Aggarwal, Director - Institutional Research, Prabhudas Lilladher, says: "The markets are range-bound to positive due to the upcoming elections. NDA s return is expected. India s weight in the MSCI index is increasing. Management commentary has been mixed. Advising caution and focus on large-cap companies. PSUs may give steady returns. Retail investors should focus on stock picking."
A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.