New product launches, third quarter’s SSSG (same store sales growth) likely to be in high teens.
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Bank of America has maintained its buy call on Jubilant FoodWorks with a target of Rs 1,600. This implies a potential upside of 32 percent from the last traded price.
The brokerage expects strong showing to continue in the third quarter despite challenging base.
New product launches, third quarter’s SSSG (same store sales growth) likely to be in high teens.
It also sees upside risk to estimates after strong first half.
The stock has fallen 2 percent in the past one month, while in the past three days, it has gained 2 percent.
At the close of market hours on Tuesday, Jubilant Foodworks was quoting at Rs 1,211.60, on the BSE.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on Moneycontrol are their own, and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.First Published on Nov 21, 2018 08:57 am
