Jubilant Foodworks, the franchisee owner for Domino's pizza in India, reported fourth quarter net profit which surged 52 percent to Rs 29 crore, compared to the same quarter last year.
The company's expansion plans continue on target and it will launch its Dunkin Donut store in the next quarter
Even though the stock has delivered returns of around 60 percent for the last nine months, the valuation is way too expensive.
The volatility in indices suggests that bulls are uncertain on what to do. In stocks, this is the time to reduce exposures to Larsen & Toubro.
Friday's sharp fall in the equity indices shows that the markets may be at another turning point. Will they now reverse gear?