JUBILANT FOODWORKS LTD - Arthvidya.

Jubilant FoodWorks Limited is India’s largest food service company and is part of the Jubilant Bhartia Group.

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Company Overview:

Jubilant FoodWorks Limited, a prominent part of the Jubilant Bhartia Group, stands as India's largest foodservice company. Established in 1995, the company possesses special rights from Domino's Pizza Inc. to develop and run the Domino's Pizza brand across India, Sri Lanka, Bangladesh, and Nepal. In India, it boasts a robust and expansive network of 1,838 Domino's restaurants spread across 394 cities. Operating in Sri Lanka and Bangladesh, the company functions through its wholly-owned subsidiaries, presently maintaining 50 and 20 restaurants respectively. Furthermore, Jubilant FoodWorks holds exclusive privileges for setting up and operating Dunkin' restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal, and Bhutan. The company presently oversees 21 Dunkin' restaurants across six Indian cities and 17 Popeyes restaurants spanning four cities. Notably, in 2019, Jubilant FoodWorks introduced its proprietary restaurant brand, 'Hong's Kitchen,' specializing in Chinese cuisine. This venture has now flourished to comprise 15 restaurants located across three cities.

Jubilant FoodWorks Limited is India’s largest food service company and is part of the Jubilant Bhartia Group. Incorporated in 1995, the company holds the exclusive master franchise rights from Dominos Pizza Inc. Below is Daily chart of Jubilant FoodWorks Ltd. The candlestick chart shows formation of a Cup & Handle pattern on a daily time frame.

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The stock prices have given breakout on upside on 3rd August 2023 from the pattern, with good volume surge. Volume was 67 lakh against 10 day avg of 21 lakh.
Relative Strength Index (RSI) at the time of writing this article is above 70 levels suggesting strength to remain in the stock price.

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MACD has crossing zero line which is a very good bullish indication. refer above img
The share prices are trading above all Short Term & Long Term moving averages on Daily chart. i.e. SMA10, SMA20, SMA50, SMA100, SMA150 & SMA200. • All moving averages have converged with each other. Prices also crossed resistance of 200 Day Simple Moving Average on daily chart & formed Big Green Marubozu Candle which is a bullish continuation pattern.


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