Emkay Global Financial Services is bullish on Jubilant Foodworks and has recommended accumulate rating on the stock with a target of Rs 600 in its February 28, 2011 research report.
“Jubilant Foodworks (JFL) signs franchisee agreement with Dunkin’ Donuts for India & first right of refusal for Sri Lanka, Nepal and Bangladesh. Much awaited expansion for JFL beyond Dominos franchisee has materialised. JFL announces its 2nd master franchisee agreement with Dunkin’ Donuts- brings Dunkin’ Donuts restaurant to India and neighbouring countries. JFL now plays in both segments of food service industry of India, namely home delivery and dine-in restaurant. It plays in distinct food categories, namely Pizza’s on one hand and baked goods and beverages on other hand.†More.