India's Jubilant Foodworks jumps 8% as same-store sales continues to rise

Jubilant FoodWorks

12/11/2024 06:11

** Shares of Jubilant Foodworks  JUBI.NS  jump 7.9% to
649.75 rupees
    ** Domino's Pizza India restaurant operator posts positive
same-store sales growth for second quarter in a row, while peers
still in negative territory  urn:newsml:reuters.com:*:nL4N3MI0PZ
    ** Jefferies says it likes JUBI's strategy of "growth over
margins" and avoiding price hikes; maintains "buy"
    ** Elara Capital ("reduce") says JUBI will benefit most from
rising trend of ordering in, rather than dining out
    ** Over 10.9 mln shares traded, 6x 30-day avg volume
    ** Analysts rate JUBI "hold", on avg -LSEG data
    ** But at least 9 PT hikes, incl by Jefferies and Elara, 
lifts the median to 620 rupees from 600 rupees last month
    ** JUBI extends YTD gains to 15%, most among restaurant
operators

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))