Jubilant FoodWorks witnessed a rise in share price on Friday after 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. Domino's Pizza users can now simply enter a Zippr code to checkout instead of entering a 4-line address.''
Shares of Jubilant FoodWorks are trading at Rs 1,463.90, up Rs 59.8, or 4.26% at the Bombay Stock Exchange (BSE) on Friday at 9:47 a.m.
Total volume of shares traded on the bourses today was lower by 65.03% to 163,786 compared with 22-day average volume of 468,355.