McDonald's India operator rises to one-year high on report of Goldman Sachs upgrade

Westlife Foodworld

27/09/2024 09:06

** Shares of Westlife Foodworld  WEST.NS  rise as much as
9.2% to 957 rupees, highest since Oct. 6
    ** Goldman Sachs upgraded stock to 'buy' with a street high
PT of 1,075 rupees, as per a Moneycontrol report
    ** Goldman Sachs expects recovery potential from new product
launches like the McCrispy platform, report adds
    ** More than 3.8 mln shares change hands, 30x its 30-day avg
    ** Twenty analysts covering the stock on avg have a 'hold'
rating; median PT is 870.5 rupees - LSEG data
    ** Stock up ~14% so far this month vs a ~7% rise in Domino's
restaurant operator Jubilant Foodworks  JUBI.NS  and a 3% rise
in Burger King India franchisee Restaurant Brands Asia  RESR.NS 


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))