Jubilant FoodWorks tumbles 6.4% after CEO Ajay Kaul's exit

India Infoline News Service | Mumbai | September 20, 201614:49 IST

The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

Falling down business
Jubilant Foodworks Ltd is currently trading at Rs. 941.1, down by Rs. 64.15 or 6.38% from its previous closing of Rs.1005.25 on the BSE. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

The scrip opened at Rs. 950 and has touched a high and low of Rs. 950 and Rs. 923.5 respectively. So far 4818685 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6618.25 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1689.3 on 06-Oct-2015 and a 52 week low of Rs. 896.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1066.85 and Rs. 1002 respectively.

The promoters holding in the company stood at 45.04 % while Institutions and Non-Institutions held 43.82 % and 11.14 % respectively.

The stock is currently trading below its 200 DMA.


***Note: This is a NSE Chart

 

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