 "Deutsche raises target price of Jubilant Foodworks; stock up 3%")
Mumbai: Deutsche Bank raised its target price on Jubilant FoodWorks to Rs 1,300 from Rs 1,260, saying it continues to “believe in the long term story and strong runway to growth.”
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Jubilant shares gained 3 percent to Rs 1299.00.Reuters[/caption]
However, Deutsche cited four key drivers for Jubilant’s stock price in the short term: guidance on same store sales growth, guidance on new store openings, guidance on dividends and guidance on losses from the Indian franchise of Dunkin’ Donuts.
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Jubilant shares gained 3 percent to Rs 1299.00.
Reuters