Buy Jubilant Foodworks, says Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "We have been constant buyers of Jubilant Foodworks. We have seen a good correction from Rs 2,000 levels back towards Rs 1,600. At current level, we have seen good volume pickup in the last two to three days. It has also broken a triangle which is a short-term pattern and it shut the 30 DMA as well. So, I think from current level, we expect it to go to about Rs 1,810. With a stop loss of Rs 1,577 you can buy it at current level."Jubilant Foodworks ended at Rs 1,641.25, up Rs 38.50, or 2.40 percent. It has touched an intraday high of Rs 1,674 and an intraday low of Rs 1,619.25.