|
May 14, 2012, 04.17 PM IST
VK Sharma, Head Private Broking & Wealth Management, HDFC Securities is of the view that one can hold Jubilant Foodworks.
VK Sharma, Head Private Broking & Wealth Management, HDFC Securities is of the view that one can hold Jubilant Foodworks .
Sharma told CNBC-TV18, “I think one can hold on Jubilant Foodworks. Keep stoploss of around Rs 1,100. . But the reason why this current stock quotes at very high expensive PE is thus that there is a good amount of confidence in the market that the consumption, the sales will not fall, they will continue to rise. As the company adds more stores, it will be able to do more sales." He further added, "From this year I think they have opened up one store of Dunkin’ Donuts. Mind you, the PE ratio of the company that operates Dunkin’ Donuts in the US, the market cap to sales is almost six times where as the company that operates the Dominos pizza - there the market cap to sales ratio is almost 1.4. So assuming that it will succeed the same way that pizza has succeeded within India, the PE is further said to go up. But I have my own doubts looking at the kind of pattern whether what kind of donuts would India expect."
Set email alert for |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
