Betadpur told CNBC-TV18, "Jubilant Foodworks looks expensive but I guess people are buying because there is a scarcity premium build in because there aren't any domestic food consumption plays. People are believing in the growth story that the management has put forward and if you do believe in that story and believe that they can deliver even then the valuations are little aggressive at this point."
He further added, "Two things have to happen for it to sustain its upmove; its management has to be good in delivering in fact they have to beat whatever they have guided, margins have to hold up and the revenue has to be better than expected and that is a tall order for a stock that's just listed. So I would take profits and enjoy the gains and go eat pizza with that."
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