Hold Jubilant Foodworks Ltd., target Rs 1052.0 : Edelweiss Financial Services

Edelweiss Financial Services has Hold call on Jubilant Foodworks Ltd. with a target price of Rs 1052.0. The current market price of Jubilant Foodworks Ltd. is 1080.4. Time period given by analyst is year, when Jubilant Foodworks Ltd. price can reach defined target. Edelweiss said that competitive intensity by online players (Swiggy, Zomato) and PE funded food players remains an over hang. It said rental savings and employee efficiency will lower costs though.