Jubilant Foodworks Gained Over A Percent And Hit A Fresh 52-Week High - Dollar Advisory & Financial Services

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Thursday 16 November 2017

Jubilant Foodworks Gained Over A Percent And Hit A Fresh 52-Week High

Jubilant Foodworks gained over a percent and hit a fresh 52-week high. While retaining a buy call on Jubilant Foodworks with a target price of Rs 1,775 per share, Deutsche Bank said market checks indicated Dominoes has implemented price hike of average 6 percent.

Price hike will mitigate potential margin headwind due to impact of stranded taxes, it added.

The research house said Jubilant Foodworks remains its top pick in consumer discretionary.

Revenue growth and higher cost savings in second half of FY18 may drive consensus earnings upgrades, it feels.

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