Hold Jubilant Foodworks, target price Rs 2290: Prabhudas Lilladher
Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 32315.26 Crore) operating in Tourism & Hospitality sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 41.94 per cent stake in the company as of Sept 30, 2020, while FIIs held 37.86 per cent, DIIs 14.45 per cent and public and others 5.75 per cent.
Prabhudas Lilladher has given a hold rating to Jubilant Foodworks with a target price of Rs 2290. The share price moved up by 5.25 per cent from its previous close of Rs 2338.85. The stock’s last traded price is Rs 2461.55.
Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 32315.26 Crore) operating in Tourism & Hospitality sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 816.33 Crore, up 110.17 % from last quarter Sales of Rs 388.41 Crore and down -18.21 % from last year same quarter Sales of Rs 998.05 Crore Company reported net profit after tax of Rs 75.78 Crore in latest quarter.
Investment Rationale The brokerage values the stock at 46xFY23 EPS and arrive at a target price of Rs2290. It assigns Hold rating and recommend accumulation although returns could be backended. Promoter/FII Holdings Promoters held 41.94 per cent stake in the company as of Sept 30, 2020, while FIIs held 37.86 per cent, DIIs 14.45 per cent and public and others 5.75 per cent.
