Jubilant Foodworks Ltd News
Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows
Max Financial, Mphasis, Emami, HDFC AMC, Pfizer, Network18, Godrej Agrovet, Laurus Labs and Motilal Oswal Financial were among 34 stocks from the S&P BSE 500 index hit their respective 52-week lows.
 "Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows")
Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years
US fried-chicken chain Popeyes made its debut in India with the opening of its first restaurant in Bengaluru in January 2022, followed by rapid expansion to 12 restaurants in Bengaluru
 "Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years")
20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen
As Domino's faces the 20-minute delivery challenge in Bengaluru, announces launch of service in other metros in 12 months
 "20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen")
Domino's Pizza launches 20-min delivery in Bengaluru, will expand service
Company says delivery drivers don't overspeed and its technology will ensure safety
Domino's Pizza launches breakthrough 20-minute delivery in Bengaluru
The firm has achieved this by enhancing in-store process improvements, upgrading technology, and expanding its store network
No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions
Weak consumer sentiment, higher inflation is hurting sales
 "No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions")
Jubilant Food dips 13% in 2 days, hits lowest level since Dec'20 on weak Q3
The stock hit 52-week low today after the historic high inflation in cheese and flour prices significantly impacted gross margins, which came in at 75.5%, lower by 213 bps year-on-year
 "Jubilant Food dips 13% in 2 days, hits lowest level since Dec'20 on weak Q3")
Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months
Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores
 "Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months")
Jubilant still upper crust even as near-term margins slice up stock
Aggressive store expansion, new menu choices ought to boost growth for QSR
 "Jubilant still upper crust even as near-term margins slice up stock")
Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.
 "Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy")
Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports
In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore
 "Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports")
SBI Card, Bandhan Bk: 5 stocks can drop up to 13% if mkt sell-off deepens
Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses
 "SBI Card, Bandhan Bk: 5 stocks can drop up to 13% if mkt sell-off deepens")
Cost inflation overhang set to hit Jubilant FoodWorks in near term
The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share
 "Cost inflation overhang set to hit Jubilant FoodWorks in near term")
Jubilant FoodWorks net rises 10% in July-Sept quarter on high demand
This was owing to uptick in demand across all formats
 "Jubilant FoodWorks net rises 10% in July-Sept quarter on high demand")
