Company updateMoneycontrol
ICICI Securities maintains BUY on Jubilant Foodworks with Rs 500 target
Positive+14
GreyOak summary
ICICI Securities maintains a BUY rating on Jubilant Foodworks with an unchanged target price of Rs 500. The firm cut FY27/FY28 earnings estimates by 9.1% and 9.6% due to higher effective tax rates from hyperinflation accounting. Despite flat consolidated PAT, the broker expects LFL growth acceleration in H2 driven by festive demand.
What it affects
- Jubilant FoodworksJUBLFOODPositive +14
Rolling sentiment Neutral +2
Source
Read the original at MoneycontrolMore Jubilant Foodworks news
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