The company’s disappointing performance in the quarter gone by was primarily on account of a rise in costs of raw materials and logistics, a BSE filing on Wednesday showed.

“FIIs in general are a little bit risk averse as they see a probably more aggressive taper looming and are looking at places where they see less risk from that.”

According to the statement, the repurposing of gasification assets would help use of syngas as a reliable source of feedstock for the production of chemicals and cater to the growing domestic demand, thus leading to an attractive business opportunity.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 49433.62 Crore) operating in Tourism & Hospitality sector.

The Relative Strength Index of the stock stood at 44.4 on Thursday.

In rupee terms, Bitcoin was up over 9 per cent, Ethereum 8 per cent and Dogecoin 5 per cent, data available at WazirX showed. The sharp rally comes after a crash in the market last day after the news of ban on tokens.

A total of 29,428 shares changed hands on the counter till 12:08PM (IST)

“The lack of fresh triggers may keep prices in range for the day. We expect gold prices to trade sideways to down for the day with COMEX Spot Gold support at $1,780 and resistance at $1,810 per ounce. MCX Gold December support lies at Rs 47,200 and resistance at Rs 47,800 per 10 gram,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

“The underlying asset of cryptocurrency is a huge network that is spread across the world which is ready to accept the transactions happening and process it. It uses blockchain technology which is immutable in nature and it exists forever without any intervention of a third party. ”

Both companies unveiled the plan in a joint statement on Wednesday, saying that the facility would have the capacity to manufacture up to 5 lakh Acer laptops annually.