Jubilant Foodworks shares gain; BofA starts with 'buy'

Tags: Companies
Shares in Jubilant Foodworks Ltd gain 4.9 percent after Bank of America Merrill Lynch starts coverage with a "buy" rating and a target of 1,375 rupees.

Says the company in a sweet spot in the large and high-growth quick service restaurants market.

Jubilant has the franchisee of Domino's Pizza and Dunkin' Donuts in India.

Company's earnings can more than double by FY17, the investment bank said in a report.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture