India's Jubilant FoodWorks jumps on acquisition offer for DP Eurasia
29/11/2023 06:05
** Shares of Jubilant FoodWorks JUBI.NS up as much as
3.27% to 562.5 rupees, their highest since Nov. 18, 2022
** Domino's restaurants operator said its unit, Jubilant
Foodworks Netherlands B.V., proposed to acquire entire issued
and outstanding ordinary share capital in London-listed DP
Eurasia NV DPEU.L
** See consistent delivery in DPEU as a potential upside;
retains "sell" rating with PT of 380 rupees/shr - Emkay Global
** JUBI trading above its 50-, 100-, and 200-day simple
moving averages
** Co's relative strength index is above 70, indicating that
it has been overbought
** Analysts' average rating is equivalent of "buy", their
median PT is 510 rupees
** Stock last up 3.1%, extending YTD gains to ~50%
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))