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Accumulate Jubilant Foodworks; target of Rs 1355: Dolat Capital

Dolat Capital recommended accumulate rating on Jubilant Foodworks with a target price of Rs 1355 in its research report dated January 30, 2019.

February 04, 2019 / 13:23 IST
     
     
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    Dolat Capital's research report on Jubilant Foodworks

    The bank reported a robust 77% QoQ growth in profits aided by an expansion in NIMs, an improved C/I (on robust other incomes), and improved asset quality; notwithstanding a higher provision cover (up 690 bps). Lower additions and stronger recoveries improved asset quality and the watchlist.

    Outlook

    With a tailing credit costs and favourable NIMs, we expect PAT CAGR of 55 % over FY19-21 and RoA to expand 40 bps to 1.1%

    For all recommendations report, click here

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    Broker Research
    first published: Feb 4, 2019 01:23 pm

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