Domino’s operator Jubilant Foodworks surge over 4 per cent, after assuring safety of products

The stock market witnessed a surge in the share price of Jubilant Foodworks, Domino’s operator, in Thursday’s trade as the company issued a statement assuring the safety of its products on Thursday.  

The company’s share prices had sharply plunged on September 13 after reports surfaced that bugs were found in Domino’s Pizza’s oregano seasoning sachets. The stock fell by nearly 6 per cent on Wednesday.

The company’s clarified in the statement that the company carried out a comprehensive inspection across its vendors and stores and have not received any other complaint relating to quality of its ingredients, assuring that its food ingredients are safe for consumption.
The statement also mentioned that the company maintains strict hygiene and quality standards for its products and all its products and quality standards were certified.

Jubilant FoodWorks Limited was trading at Rs 1357 per share, up by 2.66 per cent at 12:42 hours IST on BSE on Thursday. The stock hit an intraday high of Rs 1382 per share, up by over 4 per cent at 10:12 hours IST on Thursday and also witnessed a spurt in its volume by more than 2.34 times. The stock had hit its 52-week high of Rs 1475 on September 12, 2017 and its 52-week low of Rs 761 on December 26, 2016, respectively.