Jubilant FoodWorks stock is richly valued: Angel Broking

P Phani Shekhar, fund manager, PMS, Angel Broking, in a chat with ET Now says that he is comfortable with Jubilant FoodWorks as a business model

What is your view on Hathway, DB Realty, Jubilant FoodWorks and Syncom healthcare?

All these companies belong to a completely different categories and valuations. So of all the names that you have taken, we are most comfortable with Jubilant FoodWorks as a business model, not at the current valuations.

We are extremely comfortable with the IPO offer price but so were so many market players and you saw that the issue was so much oversubscribed and now this stock we believe is richly valued.

Of all the other names that you have spoken, there are near-term concerns either on the business model or on the valuation. So till either of the two things sort out and we get them in the right valuations, I do not think it will interest us a lot.
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