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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains reduce on Jubilant FoodWorks
Revised target price on the shares from Rs 1382 earlier to Rs 1154. Second quarter earnings of Jubilant Food was disappointing. Slowing growth in the core business and losses at Dunkin remains a cause of concern. The brokerage cuts 2016/17 earnings estimates for Jubilant Food by 20.1/17.1 per cent.