IIFL Securities Stock Idea: Buy Jubilant Foodworks with Target Rs 561
On June 18, IIFL Securities recommended a buy call for Jubilant Foodworks with a target price of Rs 561. The current market price of Jubilant Foodworks is Rs 543.2. The recommendation is based on the company's strong fundamentals and growth potential. Jubilant Foodworks is a leading food service company in India with a strong portfolio of brands including Domino's Pizza, Dunkin' Donuts, and Popeyes. The company has a strong track record of growth and is expected to continue to benefit from the growing demand for food service in India.
About Jubilant Foodworks:
Jubilant FoodWorks Ltd., listed on the National Stock Exchange (NSE) of India, is a leading food service company with a strong presence in the quick-service restaurant (QSR) and bakery segments. The company operates popular restaurant brands such as Domino's Pizza, Dunkin' Donuts, and Ek Bar. Jubilant FoodWorks has a wide network of restaurants across India and plans for further expansion both domestically and internationally. The company is known for its focus on innovation, customer experience, and brand building, and is committed to delivering quality food and services to its customers.
52 Week Price Trend:
Jubilant Foodworks (NSE: JUBLFOOD) is currently trading at Rs 543.2, within its 52-week range of Rs 412.1 to Rs 586.95. The stock has experienced significant growth in the past year, with its current price representing an 11% increase from its 52-week low. However, it remains below its 52-week high, indicating potential room for further price appreciation. Investors may consider analyzing the company's financial performance, market conditions, and industry trends to assess the stock's future prospects and make informed investment decisions.
Stratzy's MOST Analysis:
Jubilant FoodWorks (JUBLFOOD) has received a BB- rating from Stratzy's MOST framework. This rating indicates that the company has medium fundamental risks based on its Management, Outlook, Safety, and Trend (MOST) factors. The BB- rating suggests that JUBLFOOD has some strengths, such as effective management and a positive outlook, but also faces challenges related to safety and industry trends.
Company's Fundamentals:
Jubilant Foodworks, a well-established company in the foodservice industry, is characterized by its high Stock PE of 145.67, indicating that investors are willing to pay a premium for its earnings. However, its PB Ratio of 15.38 suggests that the company's market value is higher than its net tangible assets. Despite its strong financial position, Jubilant Foodworks has a modest Dividend Yield of 0.25%, which may not be attractive for income-focused investors. These metrics provide insights into the company's valuation, profitability, and dividend policy, allowing potential investors to make informed investment decisions.
Fundamental and Technical information provided in this blog were last updated on 18 Jun, 2024
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