Friday, 20 November 2015

Jubilant FoodWorks rises 3% on partnership with Zippr

The company an operator of Dominos pizza stores in India has partnered with Zippr, a Hyderabad based startup to solve the problem of complex addresses.


Jubilant FoodWorks rises 3% to Rs.1,448 on BSE. The company an operator of Dominos pizza stores in India has partnered with Zippr, a Hyderabad based startup to solve the problem of complex addresses. The partnership will allow Domino's consumers to seamlessly share their address during checkout on Domino's online ordering platforms. 

The company said the Zippr has found a unique solution to India's address woes. It has a 8-character code called a 'Zippr' that replaces the 4-line address and enables anyone to use it to share with Emergency services, E-Com, Food Delivery and every place you potentially need an address.  

The scrip opened at Rs. 1441 and has touched a high and low of Rs. 1475.95 and Rs. 1433.75 respectively. So far 371766(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9228.56 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1984 on 17-Jul-2015 and a 52 week low of Rs. 1273 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 1440.95 and Rs. 1343 respectively.

The promoters holding in the company stood at 48.79 % while Institutions and Non-Institutions held 45.42 % and 5.79 % respectively.

The stock is currently trading above its 200 DMA.

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