Jubilant Foodworks may slip to Rs 900-925: Baliga

Ambareesh Baliga, Independent Analyst feels that Jubilant Foodworks may slip to Rs 900-925.

Baliga told CNBC-TV18, "I have been quite cautious on Jubilant Foodworks although it has been a trader’s favourite. What I was seeing that their past performance is the biggest risk for them going ahead, because expectations would be quite high."
He further added, "If you look at standalone 28-30 percent growth is not bad looking at the rest of the market, but then again the expectations are so high that whenever you are not able to meet those expectations you are thrashed and that is exactly what we have seen. Even going ahead the way I see the stock movement from yesterday’s levels although it has moved up a bit yesterday, I see levels of closer to about Rs 900-925 possibly over the next couple of months."