Morgan Stanley Mauritius Company Limited yesterday withdrew a part of its stake in Jubilant Food. Morgan Stanley Mauritius Company limited previously held 2.35% shares as on June 30th 2016. On Tuesday, the company sold a total of 430845 shares at the price of Rs. 1083.67, herby earning an impressive sum of almost Rs. 46.68 crores. The Bulk deal took place on the NSE trading counter.
Yesterday Jubilant Food share price closed at Rs. 1,068.25 down by almost 10% as the results for the June quarter of the company were very disappointing.
The share holding pattern of Jubilant Food as on 30th June 2016 is as follows:
A total of 6.58 crore shares were floated by the company in the market. From among those shares, Indian Promoters own the biggest chunk of 45.04%. Institutions have a total of 43.82% stakes from which FII own 31.67% and DII hold 12.15% shares. The remaining 11.14% is owned by the other non-institutions. In the public shareholding, Morgan Stanley Mauritius Company Limited had held the highest of 2.35% stakes, JPMorgan Sicav Investment Company (Mauritius) Limited own 1.60%, JPMorgan Indian Investment Company (Mauritius) Limited had 1.23% stakes, HASHAM INVESTMENT AND TRADING CO. PVT. LTD owns 1.16% shares and SBI Magnum Balanced Fund owned 1.06% shares.
As the Jubilant Food share price fell yesterday, the stock witnessed a spurt in the volume of share traded by over 4 times. A total of 33,14,856 shares were traded on the NSE counter as against the average of 5,38,436 shares for 20 days. As on 7th September, 2016, the market cap of the company stood at 7030.71 crores with the PE of 67.55
For details on Jubilant Food, visit Jubilant Food share price history page of Dynamic Levels website.
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