Jubilant FoodWorks May Slip Below ₹600 On Weak Momentum: SEBI RA Kush Ghodasara

The analyst highlights bearish signals as Jubilant FoodWorks’ stock struggles to stay above short-term moving averages, with RSI and MACD indicators pointing to further downside.
In this photo illustration, the Jubilant FoodWorks company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)
In this photo illustration, the Jubilant FoodWorks company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)
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Deepti Sri·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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Shares of Jubilant FoodWorks, the Domino's Pizza franchisee, faces potential decline below the ₹600 level due to weakening momentum, according to SEBI-registered analyst Kush Ghodasara.

According to Ghodasara, the stock has remained close to ₹634, which represents its 200-day moving average, since the March expiry. 

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At the time of writing, shares of Jubilant FoodWorks were down 1.2% at ₹675.75.

He said that the stock's momentum remains unconvincing because its price has not recovered above the 10- and 15-day moving averages for more than seven days.

The relative strength index (RSI) indicator has moved into negative territory and shows a downward trend while the moving average convergence divergence (MACD) approaches the zero line from above. 

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Both indicators suggest further downside pressure, Ghodasara said. 

Considering the technical indicators, Ghodasara warned against new investments and predicted the stock to reach below ₹600. He recommended setting a stop loss at ₹700.

The weak technicals come after a 76.86% decline in its fourth-quarter (Q4) net profit. 

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Jubilant FoodWorks reported ₹48 crore in net profit, a decrease from the previous year's ₹207.5 crore.

The decline came despite a 33.6% increase in revenue reaching ₹2,103 crore, thanks to robust QSR demand and both new store launches and menu innovations.

On Stocktwits, retail sentiment was ‘bearish’ amid ‘high’ message volume.

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The stock has fallen 8.6% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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