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    Sell Jubilant Foodworks, target price Rs 404: Religare Broking

    Synopsis

    Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 28993.60 Crore) operating in Tourism & Hospitality sector.

    Jubilant FoodworksAgencies
    Jubilant Foodworks key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2022.
    Religare Broking has sell call on Jubilant Foodworks with a target price of Rs 404. The current market price of Jubilant Foodworks is Rs 438.45. Religare Broking recommended to keep stop loss at Rs 468.

    Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 28993.60 Crore) operating in Tourism & Hospitality sector.

    Jubilant Foodworks key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 1341.38 Crore, up 2.25 % from last quarter Total Income of Rs 1311.92 Crore and up 9.78 % from last year same quarter Total Income of Rs 1221.88 Crore. Company has reported net profit after tax of Rs 80.48 Crore in latest quarter.

    The company’s top management includes Mr.Shyam S Bhartia, Mr.Berjis Minoo Desai, Mr.Ashwani Windlass, Mr.Abhay Prabhakar Havaldar, Mr.Vikram Singh Mehta, Ms.Aashti Bhartia, Mr.Shamit Bhartia, Mr.Pratik R Pota, Mr.Hari S Bhartia, Ms.Deepa Misra Harris. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 66 Crore shares outstanding.

    Investment Rationale
    Trading in a downtrend. The breakdown below the previous swing low may attract fresh pressure.

    Promoter/FII Holdings
    Promoters held 41.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.77 per cent, DIIs 20.52 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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