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The Relative Strength Index of the stock stood at 48.97 on Tuesday.

On the technical charts, the 200-day moving average of the stock stood at Rs 729.86.

Promoters held 74.36 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.39 per cent and 3.05 per cent, respectively.

The dollar index rose past 101 for the first time since March 2020 on Tuesday, as the greenback set its latest 20-year high on the yen and tested a two-year peak on the euro, supported by high U.S. Treasury yields and expectations of good economic data.

A total of 4,013 shares changed hands on the counter till 01:38PM (IST).

The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.

The stock quoted a 52-week high price of Rs 3048.0 and a 52-week low of Rs 860.2.

Investors holding the shares of Jubilant FoodWorks will see additional shares (after the stock split) on Wednesday in their accounts.

"Funds like pension funds, sovereign funds, endowment funds or insurance funds which look at 25-40 years and they want to see how the infrastructure story in the country is unfolding. They would probably get the best in Adani and that is where I think the amount of buying is taking place in these stocks. I would not justify the current price, I would definitely feel that it is expensive but the in every correction, you would find a long-term investor as a buyer into the stocks."

Following the development, Varroc Engineering rallied about 11 per cent to Rs 451.25 on Tuesday, before trading at Rs 436.10 at 9.45 am. The scrip settled at Rs 407.80 on Monday.