Jubilant FoodWorks, with a market capitalization of nearly Rs 38000 crore, was consolidating in a range of Rs 575-450 on the weekly charts. Recently, the stock on the weekly charts recorded a breakout from the said range and inched closer to Rs 600 levels.
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52
The mutual fund SIP stoppage ratio rose to 122.76% in February, up from 109.15% in January, as more investors discontinued SIPs than started new ones.
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