Deutsche Bank informed that the consumer feedback is positive on recent extension of everyday value of jubilant foodwork. It expected that national launch of Rs 99 price point in 2018 will definitely enhance value-proposition positioning For Domino’s.

According to the giant brokerage firm Deutsche Bank, Jubilant Foodworks remains its top pick in consumer discretionary space. On Wednesday, the stock gained more than a percent intraday.

As per the research team, jubilant foodwork is Buy stock with a target price of Rs 2,000.

Deutsche Bank informed that the consumer feedback is positive on the recent extension of an everyday value of jubilant foodwork. It expected that national launch of Rs 99 price point in 2018 will definitely enhance value-proposition positioning For Domino’s.

The global advisory stated that the turnaround plans implemented are steps in the right direction.

Jubilant food work is a food service company that has a network of 1,126 Domino’s Pizza restaurants across 264 cities.

It also has exclusive rights for developing and operating Dunkin’ Donuts restaurants for India. The company & its subsidiary have the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh, and Nepal.

The company had reported a 9.2 percent growth year-on-year in operating revenues and profit grew by 124.7 percent to Rs 48.5 crore, driven by a 5.5 percent same-store-sales growth, for the quarter ended September 2017.

On the BSE, at 14:02 hours IST, the stock price was quoting at Rs 1,779.95, up Rs 17.20, or 0.98 percent.

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