Recent Price Movement and Market Sentiment
The stock hit a new 52-week low of ₹559.35 during intraday trading on 16-Dec, signalling sustained selling pressure. Over the past three days, Jubilant Foodworks has recorded a cumulative loss of 6.19%, underperforming its sector by 1.5% on the day. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting bearish sentiment among investors. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reinforcing the technical weakness.
Interestingly, investor participation has increased, with delivery volumes rising by 7.45% to 7.4 lakh shares on 15-Dec compared to the five-day average. Despite this heig...
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