Hrithik Roshan-type hot 'Super 30' stock? This McDonald's linked company packs 30% returns potential
Looking at increasing popularity of McDonald's in India, Westlife Development Company, which runs McDonald's franchises in West and South India, has plans to open 100 new stores by 2022.
A day ahead of the release of the film Super 30, which stars Bollywood heartthrob Hrithik Roshan and is based on the life and success of mathematician Anand Kumar, who helps 30 underprivileged students every year prepare for entrance exams of the Indian Institutes of Technology (IIT), Zee Business TV looks to identify a stock that has the potential to provide as much as 30% returns. In short, here we unveil a 'Super 30' stock for investors to profit from!
One such stock is related to Westlife Development Company. Looking at increasing popularity of McDonald's in India, Westlife Development Company, which runs McDonald's franchises in West and South India, has plans to open 100 new stores by 2022 with an expected estimated earnings of Rs 2500 crore, said Zee Business TV report. The company has presence in 41 cities with over 300 stores. Notably, McDonald's started making profits in India after 22 years in 2018.
According to the report, Westlife Development Company's plan would lead to upgradation of 90 per cent of its stores, besides expanding the coffee segment through MacCafe. This expansion is likely to extend benefit in the next quarter.
The company has performed brilliantly in the financial year 2019, as its profits increased 3 times, and the firm is witnessing continuous growth in earnings as well as in EBITDA.
The company witnessed an increase in earnings in the year 2016 at Rs 824 crores. Next year, income increased to Rs 919 crore, while in 2018, it stood at Rs 1125 crore, and the was Rs 1402 crore in 2019, the report said, adding that the company is likely to have an estimated income of Rs 1598 crore in 2020.
Profit trade has also been strong in the company's earnings. Profit increased at 5% in 2017, 8.6% in 2018, 6.7% in 2019, while estimated profit for the year 2020 is estimated to be 11%, the report added.
— Zee Business (@ZeeBusiness) July 11, 2019
Market experts are recommending to buy the stocks of Westlife Development. With the target of 450, Market expert Nirmal Bang is advising to buy the Westlife stock at the level of 301. This is how, one can make profits of up to 30% on the company's stock, the report said.
Currently, the Westlife Development stock is trading around Rs 310 with an increase of 3.19%. During the past one month, the stock has witnessed significant ups and downs. On June 12, the stock was trading at Rs 321, and it came down to Rs 292 on June 20.
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