Motilal Oswal is bearish on Jubilant Foodworks has recommended sell rating on the stock with a target price of Rs 1270 in its research report dated October 26, 2017.
Edelweiss recommended hold rating on Jubilant FoodWorks with a target price of Rs 1842 in its research report dated October 26, 2017.
The company reported better than expected earnings for the September quarter as it reported net profit at Rs 48.5 crore against Rs 21.6 crore in the previous quarter.
The company had posted a net profit of Rs 21.56 crore during the same period of the previous fiscal, Jubilant FoodWorks said in a regulatory filing.
Jubilant Foodworks is the stock in focus now. CNBC-TV18 learns that Domino's is overhauling its pizza seasoning packaging which includes oregano, chili flakes.
Ashwani Gujral of ashwanigujral.com recommends buying Coromandel International, Ashok Leyland, IGL, Edelweiss Financial Services and Jubilant Foodworks.
The house believes that same store sales growth is likely to be 8 percent, 10 percent and 12 percent for FY18, FY19 and FY20 respectively. Margin of Jubilant Foodworks is likely to expand by 610 basis points over FY17-20.
In an interview to CNBC-TV18, Abhimanyu Sofat, VP-Research at IIFL shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems, HPCL and Divis Laboratories.
The company also said that it maintained stringent hygiene and quality standards for its products and these were certified practices.
The Jubilant Foodworks stock was under pressure in trade yesterday on reports of bugs being found by a Domino's consumer in their seasoning sachet. The company has since issued a clarification saying it was a one-off incident. In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital shared his views and readings on the stock.
Ashwani Gujral of ashwanigujral.com recommends selling Jubilant Foodworks and IOC while he advises buying Reliance Industries, HDFC Bank and Caplin Point.
A customer posted a video on Facebook that shows small insects moving out of a sachet of oregano seasoning that came with a Domino's pizza
Deutsche Bank, in its report, stated that the issue could be very dangerous for the franchise in India.
Mitessh Thakkar of miteshthacker.com recommends buying Jubilant Foodworks and Petronet LNG.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, Asian Paints and Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy PC Jeweller, Jubilant Foodworks and NTPC and sell Oriental Bank of Commerce and Amara Raja Batteries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Jubilant Foodworks and can hold Biocon while one can sell Exide Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ajanta Pharma and PVR and buy Delta Corp.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Jubilant Foodworks, JSW Steel, BEML and Emami and sell Glenmark Pharma.
Ashwani Gujral of ashwanigujral.com advises buying Dewan Housing Finance, Jubilant Foodworks and VIP Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Jubilant Foodworks and Petronet LNG and sell Wockhardt.
Rajat Bose of rajatkbose.com suggests buying Jubilant Foodworks, Bank of Baroda and Exide Industries.
Affirming its positive stance is also the increase in same store sales growth (SSSG) and FY19-20 earnings per share (EPS) forecasts by 6-12 percent as well.