BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang Securities retains buy on Jubilant FoodWorks
Jubilant FoodWorks' aggressive price hike in FY16 along with a muted demand scenario resulted in volume decline in FY16. The strength of the company lies in its healthy balance sheet, constant innovation, strong delivery model and potential to deliver high operating leverage. The stock trades at 44.3 times its FY17 earnings per share whereas historical forward P/E on one-year forward basis for the previous years are at 65 times.