The company said online sales of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bengaluru) and Milkbasket (NCR)
This sharp recovery could end up being a dead cat bounce, as the trend-line support which was recently broken could act as a resistance at 11,250
The support for Bank Nifty is seen at 21,500, while Nifty has got support at 10,300.
Nifty managed to close above 10,000 ahead of weekly expiry and is likely to expire above this important level.
Tech giant's food delivery service comes when major players in the space are reeling from Covid-19 impact
The rebalancing is scheduled to take place on May 12 and the changes will become effective from June 1
Some analysts believe near-term concerns are priced in, but likely risks of lockdown extension and fall in income levels not so
Some analysts point at likely risks from an extended lockdown that aren't priced in
Jubilant FoodWorks, Westlife post 6-9% same-store growth
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
Increasing footprint and higher share of online delivery indicate good growth potential
Ashok Leyland has been rebounding for the past five months and is now trading on the verge of fresh breakout from the consolidation range
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Jubilant FoodWorks saw its same-store sales growth (SSG) at nearly 5% in Q2
Aggressive store expansion plans indicate firm's confidence for the longer term
Analysts believe moderation in same-stores sales growth would impact operating profitability and return ratios
Eating out is one of the first expenditures that consumers reduce when the economy slows, but restaurants are also the first to benefit when sentiment turns around
Store additions, innovative offerings, break-even of Dunkin Donuts franchise and foray into Chinese cuisine point to good prospects in long run
Tata Global Beverages, Jubilant FoodWorks likely to step in