Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1192.50
Change Change %
38.05 3.30%

Updated:15 Nov, 2018, 15:59 PM IST

BSE
1189.15
Change Change %
33.90 2.93%

Updated:15 Nov, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
18-07-2017 Sell 1303.55 919.00
N/A
Closed Long (1Y)
18-07-2018

Nomura maintains reduce on Jubilant Foodworks

Nomura has maintained reduce call on Jubilant Foodworks for target price of Rs 919. It believes that the core business remains challenging for Jubilant. Dunkin' continues to incur losses, and with Jubilant having closed down 29 stores in the past one year, implies that it has gone back to the drawing board. We have always believed that fundamental changes like store formats and menu are needed to stabilise the business, and it may be a long-term challenge. We do not share management's optimism on Dunkin', and believe it will likely take longer than envisaged to move on to the growth path, adds Nomura.

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