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

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture