Jubilant FoodWorks shares down by 6 percent
By SiliconIndia | Tuesday, May 10, 2011
Bangalore: Jubilant FoodWorks was among the top losers after its price went up by 6 percent. After opening the day at 800.00 the stock touched its 52 Wk Low of 735.00, before closing the trade at 790.45, with a loss of 6.38 percent. Through the day, 938018 shares of Jubilant FoodWorks were traded in the market with a PE ration of 75.59. Fast food chain operator Jubilant FoodWorks, earlier known as Dominos India, is considering expansion in its brand portfolio by bringing more international food brands to the country. Jubilant FoodWorks which is the master franchisee of Dominos Pizza in India is currently holding discussions with several international food brands. Jubilant has the understanding of consumers in India, specially the food market in India. With several international brands eyeing for an entry into the Indian market, it is logical that they might forge some tie-ups and bring some of them in India. The company said during the quarter it witnessed a revenue growth of 35.7 percent over the corresponding period last fiscal. At present, the firm operates 364 food outlets in the country and had opened 25 new stores during the quarter. Out of 9 analysts following the stock, 4 analysts are predicting that the stock will outperform, 2 recommend buy, 1 recommends hold, I recommends underperform and 1 recommend sell. The consensus recommendation is outperform.
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