Exit Jubilant FoodWorks: Ambareesh Baliga

ET caught up with Ambareesh Baliga, VP, Karvy Stock Broking Ltd on his views on Jubilant FoodWorks.

Would you recommend an exit and buying at lower levels or an exit completely for Jubilant FoodWorks?

It is more or less an exit completely at these levels, although it is a unique sort of play but then the way it has moved up, it is time to book out because the market has already discounted the fact that this company will grow on 40% over the next two or three years and that's the biggest risk because the best is discounted and in case they fail to grow at that pace, you will see a correction and if one is actually making close to 100 bucks in just a short while, one should book out.