Book profits in Jubilant Foodworks: Baliga

Baliga told CNBC-TV18, "Jubilant Foodworks numbers were decent and it’s been surprising quarter over quarter, but the way things are, I really don’t expect this company to keep surprising us in the next at least three or four quarters because the expectations have been going up and if you really can’t keep up with the expectations you could actually see a cut like the way we have seen a cut in Asian Paints and I suppose a similar story could also play out for TTK which again has been the darling of the market for a while."

He further added, "The biggest issue with such companies is that expectations keep moving up and if you don’t keep up with expectations you have a major crack. So Jubilant Food again at these levels surely from an investor’s point of view I will start booking profits."