Jubilant FoodWorks Ltd. rose to a record after the Indian franchisee of Dominoâ€™s Pizza Inc. said it plans to add 70 stores in the year ending March to tap demand for pizzas and western food in the South Asian country.
Jubilant, which operates 320 Dominoâ€™s Pizza stores in India, will also spend as much as 60 million rupees ($1.3 million) to set up three outlets in neighboring Sri Lanka, Ajay Kaul, Jubilantâ€™s chief executive officer, told reporters in New Delhi today. The company is considering alliances with other global food brands, though it hasnâ€™t signed any deal, he said.
Shares climbed 14 percent, the most since April 7, to 420 rupees in Mumbai, the highest closing level since their debut in February. The stock gained as much as 15 percent earlier on the Bombay Stock Exchange.
Start a local Social Media and online reputation business. No experienced needed! Only $99 to get started.
Make residual income by providing online page one organic results that every small business needs to grow.
Earn recurring monthly payments selling mobile websites and apps to local businesses.
Be a part of the number one growth industry while securing your future with residual income.
Millions of people retire in poverty - but it doesnt have to be this way!
A internet marketing business system designed for you to be successful in your online business.
What could be better than earning up to 100% commission on the sales of exciting cruise and destination vacation packages?