Domino's pizza-maker Jubilant Foodworks tumbles as Street wary of margin pressure hurting profits
While Citi has maintained a buy on Jubilant Food, it has cut the target to Rs 714 from Rs 725. Goldman Sachs has maintained a ‘Neutral’ rating but cut the target to Rs 600 from 630. JP Morgan too has maintained 'Neutral’ rating on with a fresh target of Rs 623, down by Rs 5 from its previous target
Technical View: Market expert Simi Bhaumik recommends a Sell in Jubilant Food estimating a further fall over the next 1-2 trading session. Source: Reuters