Jubilant Food Up, Deutsche Starts With Buy

Economic Times:

Shares of Jubilant FoodWorks rose to a 52-week high on Deutsche Bank report citing material potential upside in the overall growth, two dealers said. Deutsche Bank had initiated coverage on the company with a “buy” rating and a price target of 810 rupees.

According to the investment bank, Jubilant FoodWorks which has an exclusive franchisee with Domino’s International, has a dominant share of 65 percent in the organised pizza home delivery segment in India.

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