Jubilant Foodworks may correct to Rs 900: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “I would expect Jubilant Foodworks eventually correct to Rs 900. My analysis of Jubilant Foodworks has been wrong so many times that I can’t say this with certainty. This stock really should be trading much lower than Rs 900. It doesn’t do that.”

At 13:55 hrs Jubilant Foodworks was quoting at Rs 1,049.95, up Rs 20.25, or 1.97 percent. It has touched an intraday high of Rs 1,061.90 and an intraday low of Rs 1,030. It was trading with volumes of 74,307 shares. The share touched its 52-week high Rs 1,397.00 and 52-week low Rs 988.55 on 28 September, 2012 and 10 May, 2013, respectively.
 
Currently, it is trading 24.84 percent below its 52-week high and 6.21 percent above its 52-week low.