Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, “I am still uncomfortable with the valuation of Jubilant Foodworks because that has been the darling of the market in the last two years and expectations are quite high.”
“Meeting those expectations quarter on quarter seems to be a bit difficult looking at the way the performance has been in the last two quarters. So the risk reward ratio is not favourable at this point of time and therefore, I wouldn’t buy it at this point of time,” Baliga said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
