Avoid Jubilant Foodworks, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com said he would avoid Jubilant Foodworks.

Sukhani told CNBC-TV18, “Jubilant Foodworks is very choppy, it goes through correction and then as we have seen sharp rallies. So with a lot of other quality stocks are available and showing momentum, I would avoid this stock.” The stock fell 3.21 percent to close at Rs 1,100.25 on Bombay Stock Exchange. It touched its 52-week high Rs 1,397.00 and 52-week low Rs 1,044.75 on 28 September, 2012 and 23 April, 2013, respectively. Market capitalisation of the company currently stands at Rs 7,182.80 crore.