Jubilant Foods overvalued, needs some correction: Sonam Udasi

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital shares his views on Jubilant Foods.

ET Now: Do the 8% to 10% same store sales growth numbers of Jubilant Foods please you?

Sonam Udasi: The stock will fall below 8% as the quarters go by and we are waiting for its confirmation. At this juncture, it is overvalued. There should be some amount of correction on the stock. However, beyond a 10% cut is not possible on this stock because there is too much visibility and not too many options available. We will turn positive on the stock nearer to 950 really.