Buy Jubilant Foodworks: Vishal Jajoo

Buy Jubilant Foodworks, says Vishal Jajoo, Nirmal Bang Sec.

Jajoo told CNBC-TV18, "On all financial parameters Jubilant Foodworks looks pretty undervalued. However, the medium to long term outlook is very much robust and buoyant going forward also. The addition of number of stores, number two the same stores can be used pushing additional food products like from pizza, to pasta, to deserts which they have been adding for all these days and number three is basically tie up with MNCs like Donuts. So if one takes a cumulative effect of all this combined effect in the earnings, would start kicking from FY12 onwards. So Jubilant Food works remains our buy with a price target of Rs 840 for the day."