Buy Jubilant Foodworks, target price Rs 4190: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Jubilant Foodworks with a target price of Rs 4190. The current market price of Jubilant Foodworks Ltd. is Rs 4030.

Time period given by analyst is Intra Day when Jubilant Foodworks Ltd. price can reach defined target.
Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 53278.54 Crore) operating in Tourism & Hospitality sector.


Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1125.64 Crore, up 24.88 % from last quarter Total Income of Rs 901.35 Crore and up 32.79 % from last year same quarter Total Income of Rs 847.68 Crore. Company reported net profit after tax of Rs 120.05 Crore in latest quarter.

Investment Rationale
Bottomed out in the last week, with follow up buying, surpassed 50 DEMA along with rising volumes

Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 30-Sep-2021, while FIIs owned 41.41 per cent, DIIs 10.87 per cent.