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Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods Bikaji Foods International is currently trading at Rs. 865.95, up by 5.90 points or 0.69% from its previous closing of Rs. 860.05 on the BSE. The scrip opened at Rs. 869.80 and has touched a high and low of Rs. 869.80 and Rs. 837.45 respectively. So far 27227 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 895.95 on 12-Aug-2024 and a 52 week low of Rs. 450.45 on 26-Oct-2023. Last one week high and low of the scr...
Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods
Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods
Source: Accord Fintech
2024-08-13 11:26:48 am
Innovative startups driving India’s food processing industry Driven by the emergence of innovative startups, India's food processing industry is likely to grow by 47 per cent to reach $1,274 billion by 2027, according to a report.  According to a report by the Confederation of Indian Industry (CII), in collaboration with Danfoss India, Tamil Nadu leads the country’s export of processing fruits, juices and nuts. The state has a 33 per cent share by quantity and 27 per cent by value, exporting 2,08,370 metric tonnes worth $220.81 mil...
Innovative startups driving India’s food processing industry
Innovative startups driving India’s food processing industry
Source: IANS
2024-08-13 09:33:11 am
Bring new creativity to your hobbies with travel While most of us have stayed at home for an extended period of time, people throughout India have kept themselves busy by picking up new skills, or immersing into newfound or long lost hobbies. From learning new recipes to rediscovering their creative flair, as travel restrictions are slowly easing across the country, travellers can now look forward to giving their hobbies new life. Booking.com, one of the leading digital travel brands delved into its endorsement data from previous Indian ...
Bring new creativity to your hobbies with travel
Bring new creativity to your hobbies with travel
Source: IANS
2024-05-30 02:35:24 pm
Revere farmers who grow our food: Zoho's Sridhar Vembu Zoho CEO Sridhar Vembu, on Saturday, said that it is important to revere farmers and connect back with nature. In a post on X.com, Vembu said that people must respect farmers, as well as take care of soil and all its microorganisms. The CEO of the global software-as-a-service (SaaS) company said this amid reports that Singapore’s food regulator has recalled Indian manufacturer Everest’s fish curry masala as it showed high levels of the pesticide ethylene oxide -- a Group-1 c...
Revere farmers who grow our food: Zoho's Sridhar Vembu
Revere farmers who grow our food: Zoho's Sridhar Vembu
Source: IANS
2024-04-20 02:47:29 pm
Gokul Agro Resources surges as its arm enters into MOA with Government of Andhra Pradesh Gokul Agro Resources is currently trading at Rs. 115.75, up by 2.75 points or 2.43% from its previous closing of Rs. 113.00 on the BSE. The scrip opened at Rs. 112.50 and has touched a high and low of Rs. 116.00 and Rs. 112.50 respectively. So far 4180 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 135.00 on 14-Dec-2023 and a 52 week low of Rs. 94.90 on 18-May-2023. Last one week high and low of the scrip stood...
Gokul Agro Resources surges as its arm enters into MOA with Government of Andhra Pradesh
Gokul Agro Resources surges as its arm enters into MOA with Government of Andhra Pradesh
Source: Accord Fintech
2024-04-16 10:54:34 am
Tanvi Foods touches roof on starting commercial operations at manufacturing unit in Andhra Pradesh Tanvi Foods (India) is currently trading at upper limit of Rs. 181.50, up by 16.50 points or 10.00% from its previous closing of Rs. 165.00 on the BSE.  The scrip opened at Rs. 181.50 and has touched a high and low of Rs. 181.50 and Rs. 181.50 respectively. So far 1000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.50 on 05-Apr-2024 and a 52 week low of Rs. 65.70 on 27-Jun-2023. Last one week high and...
Tanvi Foods touches roof on starting commercial operations at manufacturing unit in Andhra Pradesh
Tanvi Foods touches roof on starting commercial operations at manufacturing unit in Andhra Pradesh
Source: Accord Fintech
2024-04-05 10:07:21 am
Mukka Proteins lists with 57.14% premium on the BSE Mukka Proteins has debuted at Rs 44.00 on the BSE, up by 16 points or 57.14% from its issue price of Rs 28. The scrip is currently trading at Rs 38.24, up by 10.24 points or 36.57% from its issue price. It has touched a high and low of Rs 44.00 and Rs 38.24 respectively. So far 26.10 lakh shares were traded on the counter. The offering, which was open for subscription between February 29, 2024 and March 4, 2024 was subscribed 136.99 times. The issue price was fixed at Rs 28 per share i....
Mukka Proteins lists with 57.14% premium on the BSE
Mukka Proteins lists with 57.14% premium on the BSE
Source: Accord Fintech
2024-03-07 11:28:22 am
Pizza Hut India operator misses Q3 profit estimates on tepid demand Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, reported a bigger-than-expected fall in quarterly profit on Friday, hurt by domestic competition and as inflation-weary consumers cut back spending on fast food. The Yum Brands franchisee's consolidated net profit fell nearly 69% to 101.4 million rupees ($1.22 million) for the quarter ended Dec. 31, marking its third consecutive fall in profit. Analysts, on average, had expected a profit of 239.6 million rupees, ac...
Pizza Hut India operator misses Q3 profit estimates on tepid demand
Pizza Hut India operator misses Q3 profit estimates on tepid demand
Source: Reuters
2024-02-09 01:41:31 pm
KFC India operator Devyani`s revenue growth slowest since listing; costs spike KFC India operator Devyani International reported its slowest quarterly revenue growth since listing more than two years ago on Friday, as consumers cut back their spending on pizzas and fried chicken amid soaring inflation. Global fast-food restaurants in India have done everything from rolling out cheaper menu items and launching marketing campaigns with celebrities to prop up demand but are still struggling to attract cost-conscious customers. Devyani International reported 7% growth...
KFC India operator Devyani`s revenue growth slowest since listing; costs spike
KFC India operator Devyani`s revenue growth slowest since listing; costs spike
Source: Reuters
2024-02-02 02:07:40 pm
Savour the diverse tastes of India  As the spirit of patriotism fills the air on Republic Day, immerse yourself in a culinary journey with these appetising dishes that celebrate the essence of India. From spice-infused delights to dishes featuring the purity of white and the freshness of green, these recipes are a tribute to the rich tapestry of flavours that define the essence of India. Whether you're hosting a festive gathering or simply indulging in a culinary adventure, these dishes are a perfect way to honour the...
Savour the diverse tastes of India
Savour the diverse tastes of India
Source: IANS
2024-01-25 03:20:34 pm
India may earmark $48 billion for next year's food, fertiliser subsidies  India may earmark about 4 trillion rupees ($48 billion) for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year's general election. Food and fertiliser subsidies account for about one-ninth of India's total budget spending of 45 trillion rupees during the current fiscal year that ends on March 31. The Ministry of Consumer Affairs, Food and Public Distribution has estimated next year's food su...
India may earmark $48 billion for next year's food, fertiliser subsidies
India may earmark $48 billion for next year's food, fertiliser subsidies
Source: Reuters
2024-01-17 11:59:43 am
Sell Jubilant FoodWorks Ltd For Target Rs.380 - Emkay Global Financial Services JUBI has announced its intention to increase its stake to 100% in DP Eurasia vs. 49% currently. The 51% stake (balance) would be acquired for a consideration of Rs6.6bn at Rs88.5/share (EUR0.97/share). On successful completion, JUBI will have acquired the entire stake for ~Rs11bn (~Rs74/sh), at attractive H1 annualized EV/sales and EV/adj. EBITDA of ~1x and 8x, respectively. Further, JUBI plans to delist DP Eurasia, as its investors are concerned about geopolitical/currency risks (while JUBI ...
Sell Jubilant FoodWorks Ltd For Target Rs.380 - Emkay Global Financial Services
Sell Jubilant FoodWorks Ltd For Target Rs.380 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-13 12:58:03 pm
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities Bikaji’s 2QFY24 earnings print was ahead of our estimate, especially on the operating front, primarily on account of positive surprise on gross margin (+82bps vs our est). Revenue growth, although better than our forecast, has seen deceleration (+5.6% vs 15% in 1Q) - due to challenging demand scenario, lower realisation in salty snacks (grammage increase to pass on RM benefit to consumers) and seasonality led impact on Packaged sweets (shift in festive season) & Papad (adverse monso...
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-11-22 02:52:23 pm
Bay Sapphire Foods india Ltd For Target Price Rs 1,520 - Emkay Global Financial Services Ltd. Resilient KFC performance while challenges persist for PH Sapphire Foods’ 2QFY24 earnings print was broadly inline with our muted expectations. Construct of earnings performance was similar to 1Q – sales performance was largely driven by store additions as muted same store sales along with scale deleverage impacted the overall operating profitability. On the positive side –a) KFC delivered another resilient performance with flat SSSG despite higher vegetarian days in the ...
Bay Sapphire Foods india Ltd For Target Price Rs 1,520 - Emkay Global Financial Services Ltd.
Bay Sapphire Foods india Ltd For Target Price Rs 1,520 - Emkay Global Financial Services Ltd.
Source: JM Financial Institutional Securities Ltd
2023-11-14 11:07:39 am
Buy Zomato Ltd For Target Rs.155 - JM Financial Institutional Securities Zomato’s sequential GOV expansion in food delivery (+9% QoQ vs. JMFe of +4%) as well as Blinkit (+29% QoQ vs. JMFe of +17%) businesses in 2QFY24 surprised us positively. Another positive surprise was the near-doubling of the company’s Gold membership program from 2mn to 3.8mn, in a matter of just one quarter, amidst muted growth trends in the underlying industry and intensified competitive intensity. In fact, Gold subscribers now contribute c.40% to Zomato’s food delivery GO...
Buy Zomato Ltd For Target Rs.155 - JM Financial Institutional Securities
Buy Zomato Ltd For Target Rs.155 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
2023-11-11 10:49:25 am
Bay Sapphire Foods india Ltd For Target Price Rs 1,550 - Emkay Global Financial Services Ltd. In line with peers, Sapphire reported weak SSG print at 0%/-20% for KFC/PH that drove a 7% EBITDA miss on estimates. Near-term commentary was muted, on shift of veg-consumption days to Q3 and sporting events in the base as well— a negative read-through for peers, in our view. Sapphire remains confident of 20-25% EBITDA CAGR in KFC over FY23-26 and revival efforts are under way for PH, with product innovation, store refurbishments and import of kitchen management solution Dragon Tail fro...
Bay Sapphire Foods india Ltd For Target Price Rs 1,550 - Emkay Global Financial Services Ltd.
Bay Sapphire Foods india Ltd For Target Price Rs 1,550 - Emkay Global Financial Services Ltd.
Source: Emkay Global Financial Services
2023-11-10 02:37:55 pm
Burger King's India operator posts narrower Q2 loss on menu and store expansion Restaurant Brands Asia, the franchisee of Burger King India, reported a narrower quarterly loss on Wednesday as it added more outlets in the country and expanded its menu. Consolidated net loss narrowed to 460.3 million rupees ($5.5 million) in the three months to Sept. 30, from a loss of 499.5 million rupees a year earlier. Burger King India expanded its menu during the quarter to include more chicken items and also offered promotions on certain meals, helping increase footfall at its ...
Burger King's India operator posts narrower Q2 loss on menu and store expansion
Burger King's India operator posts narrower Q2 loss on menu and store expansion
Source: Reuters
2023-11-08 04:19:17 pm
India`s Bikaji Foods posts 47% profit rise as raw material costs ease  India's Bikaji Foods International reported a 47% increase in quarterly profit on Monday, benefitting from higher distribution of its crispy ethnic snacks and easing ingredient prices. Prices of several raw materials in the packaged foods segment, including edible oils and corrugated boxes, have dropped in recent months, helping everyone in the sector from biscuit maker Britannia Industries to Bikaji report solid earnings. Bikaji — which has a strong foothold in Rajastha...
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
Source: Reuters
2023-11-06 04:22:39 pm
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Sluggish revenue growth: Britannia reported Q2FY24 revenue at Rs 4,433cr which increased by 10.5% QoQ and as compared to last year growth was just up by 1.2% YoY. The growth was largely impacted because of muted demand for the overall FMCG sector as the rural economy is still not contributing to the growth, besides, the company posted flattish volume growth (~20bps increase) as well as the growth was higher in the base year (last year). Healthy improvement in margins: Britannia’s gro...
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking
Source: Religare Broking Ltd
2023-11-04 02:34:44 pm
Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr  Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71 per cent to Rs 2,848 crore. The online platform had registered a net loss of Rs 302 crore with revenues at Rs 1,661 crore in the same period last year. "We think that QoQ GOV growth in food delivery in the next quarter should be moderate -- around high single digit which should translate to about 25-30 per c...
Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr
Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr
Source: IANS
2023-11-03 03:34:25 pm
Indian biscuit maker Britannia misses Q2 revenue view on price cuts  India's Britannia Industries reported second-quarter revenue that fell short of analysts' expectations on Wednesday, as the biscuit maker cut prices of some of its key products to stave off competition. Britannia, which also sells cakes and breads, said its revenue from operations was up 1.2% at 44.33 billion rupees ($532.6 million), but fell short of analysts' estimates of 45.43 billion rupees, as per LSEG data. "As the commodity started to soften this quarter, w...
Indian biscuit maker Britannia misses Q2 revenue view on price cuts
Indian biscuit maker Britannia misses Q2 revenue view on price cuts
Source: Reuters
2023-11-02 09:44:10 am
Reduce Nestle India Ltd For Target Rs.23,420 - Yes Securities Ltd Thriving not surviving; Valuations out of comfort We participated in the Analyst/Investors Meet held by Nestle India’s (NEST) at Nestle House. Key pointers: (1) Branded packaged food market at ~$40bn is currently a small portion of the $800bn overall (Loose + Packaged) Food market in India, so growth opportunity remains strong. (2) 9MCY23 domestic tonnage growth stood at ~1.7% so growth largely driven by pricing+mix. (3) NEST will now be focusing more on sweating the distribution ass...
Reduce Nestle India Ltd For Target Rs.23,420 - Yes Securities Ltd
Reduce Nestle India Ltd For Target Rs.23,420 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-31 10:09:11 am
Reduce Nestle India Ltd For Target Rs. 23,420 - Yes Securities Ltd We participated in the Analyst/Investors Meet held by Nestle India’s (NEST) at Nestle House. Key pointers: (1) Branded packaged food market at ~$40bn is currently a small portion of the $800bn overall (Loose + Packaged) Food market in India, so growth opportunity remains strong. (2) 9MCY23 domestic tonnage growth stood at ~1.7% so growth largely driven by pricing+mix. (3) NEST will now be focusing more on sweating the distribution assets built over last few years. (4) There will be step...
Reduce Nestle India Ltd For Target Rs. 23,420 - Yes Securities Ltd
Reduce Nestle India Ltd For Target Rs. 23,420 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-30 12:22:59 pm
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking WLDL’s Q2FY24 print was below our estimates; revenue/EBITDA grew 7.4%/1.0%, yet PAT cut by 29.0% YoY. Management alluded, off high base (+48.5% growth) it was resilient performance amidst challenging environment. Despite continued weakness in eating-out trends WLDL saw 1% SSSG. Robust Omni-channel strategy aided by Shravan special menu and McSpicy fried chicken with Jr. NTR campaign saw 7% growth in On-premise and Offpremise channel. McDelivery app download stood at +28mn led to 14% ris...
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking
Source: Centrum Broking Ltd
2023-10-28 11:57:09 am
Buy Jubilant Foodworks Ltd For Target Rs.610 - Motilal Oswal Financial Services Weak LFL continues to hurt; recovery expected in 2H * JUBI’s sales grew 5% YoY in 2QFY24, driven by footprint addition. But weak LFL (-1.3% YoY) and subsequent operating deleverage led to a 10%/39% decline in EBITDA/PAT (in line/15% miss). This was partly cushioned by improvements in GM. * The management’s efforts toward product innovations, faster delivery and store revamping aided delivery business, but dining revenue remained sluggish. We estimate revenue/EBITDA growth of...
Buy Jubilant Foodworks Ltd For Target Rs.610 - Motilal Oswal Financial Services
Buy Jubilant Foodworks Ltd For Target Rs.610 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-28 11:43:15 am
Neutral Nestle India Ltd For Target Rs. 23,900 - Motilal Oswal Financial Services Nestle held an analyst call to provide a business update. Here are the key takeaways: * Strong double-digit growth across all portfolios in 9MCY23: NEST delivered 15.1% YoY growth in domestic sales during the 9MCY23, complemented by a remarkable 30% surge in the out-of-home category. Key product segments, including milk products and nutrition, prepared dishes, cooking aids, confectionery, and beverages, experienced notable growth rates of 15.3%, 10.7%, 21.4%, and 18.6% YoY, respectively, i...
Neutral Nestle India Ltd For Target Rs. 23,900 - Motilal Oswal Financial Services
Neutral Nestle India Ltd For Target Rs. 23,900 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-27 03:35:35 pm
Buy Jubilant Foodworks Ltd For Target Rs. 625 - Centrum Broking Ltd JUBI’s Q2 print was in-line; standalone revenue grew 4.5% led by 1.3% decline in LFL, yet EBIDA/PAT cut by 10.2%/39.5%. Given stretched consumer spends, and extended Shravan saw 1.2% decline in ADS. Delivery channel grew 7.9%, whilst dine-in declined by 3.8% in Q2. With 50% order contribution, enrolment for loyalty program (Cheesy rewards) grew 16.1% QoQ (19.5mn customers), yet with 10.6mn app download its MAU stood at 10.8mn grew 4.8% QoQ. JUBI stepped up Its efforts to revive LFL grow...
Buy Jubilant Foodworks Ltd For Target Rs. 625 - Centrum Broking Ltd
Buy Jubilant Foodworks Ltd For Target Rs. 625 - Centrum Broking Ltd
Source: Centrum Broking Ltd
2023-10-27 12:25:18 pm
Jubilant FoodWorks declines on reporting 26% fall in Q2 consolidated net profit Jubilant FoodWorks is currently trading at Rs. 502.55, down by 25.85 points or 4.89% from its previous closing of Rs. 528.40 on the BSE.The scrip opened at Rs. 511.00 and has touched a high and low of Rs. 517.85 and Rs. 495.20 respectively. So far 275338 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 627.75 on 02-Nov-2022 and a 52 week low of Rs. 412.20 on 20-Mar-2023.Last one week high and low of the scrip stood at Rs. 538.60 a...
Jubilant FoodWorks declines on reporting 26% fall in Q2 consolidated net profit
Jubilant FoodWorks declines on reporting 26% fall in Q2 consolidated net profit
Source: Accord Fintech
2023-10-26 12:35:35 pm
India`s Tata Coffee posts strong Q2 pre-tax profit on lower costs, higher prices India's Tata Coffee on Thursday reported a near 63% rise in second-quarter profit, as lower costs and higher prices for its premium brands such as Gold and Eight o'clock coffee more than offset subdued sales.Consolidated profit before exceptional items and tax for the July-Sept quarter stood at 820.4 million rupees ($9.86 million), compared with 503.8 million rupees a year earlier, the company said.The company, which is a supplier to a joint venture between U.S. coffee chain Starbucks and par...
India`s Tata Coffee posts strong Q2 pre-tax profit on lower costs, higher prices
India`s Tata Coffee posts strong Q2 pre-tax profit on lower costs, higher prices
Source: Reuters
2023-10-20 09:52:24 am
Blinkit`s losses up over 8% to reach 1,078 cr in FY23, revenue surges 3X Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22, the media reported on Thursday.Delivery and related charges were behind 29.2 per cent of the total expenses, reports Entrackr."This cost elevated 2.4X to Rs 565.8 crore in FY23 from Rs 235.9 crore in FY22. Its employee, advertising, rental, and outsourcing manpower costs drove its overall expenditure to Rs 1,939 crore in FY23,? the report said.Accord...
Blinkit`s losses up over 8% to reach 1,078 cr in FY23, revenue surges 3X
Blinkit`s losses up over 8% to reach 1,078 cr in FY23, revenue surges 3X
Source: IANS
2023-10-20 09:44:37 am
SoftBank to sell 1.1% stake in Zomato for Rs 1,024 crore Japanese investment giant SoftBank's venture capital fund SVF Growth is reportedly set to sell 1.1 per cent stake in food delivery platform Zomato for around Rs 1,024 crore.The sale via a bulk deal is likely to see the offer price at Rs 109.4-Rs 111.65 per share, reports CNBC TV18, citing sources.Zomato or SoftBank did not officially comment on the upcoming bulk deal.Zomato's shares on BSE closed 1.6 per cent lower at Rs 111.40 per share on Thursday.In August, SoftBank had sold a partial stak...
SoftBank to sell 1.1% stake in Zomato for Rs 1,024 crore
SoftBank to sell 1.1% stake in Zomato for Rs 1,024 crore
Source: IANS
2023-10-20 09:18:05 am
Shree Renuka Sugars inches up on acquiring 100% stake in Anamika Sugar Mills Shree Renuka Sugars is currently trading at Rs. 54.03, up by 0.16 points or 0.30% from its previous closing of Rs. 53.87 on the BSE.The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 55.05 and Rs. 53.21 respectively. So far 231872 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.70 on 11-Oct-2022 and a 52 week low of Rs. 39.50 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 55.10 and Rs. 52....
Shree Renuka Sugars inches up on acquiring 100% stake in Anamika Sugar Mills
Shree Renuka Sugars inches up on acquiring 100% stake in Anamika Sugar Mills
Source: Accord Fintech
2023-10-09 10:03:59 am
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities Our channel checks suggest macro pressures continued to weigh on demand for online food delivery in Sep-Q. Competitive intensity also appears to have picked up following Swiggy?s (Unlisted) announcement of a shift in focus back to growth over profitability. During the quarter, we noted a sharp reduction in loyalty membership fees (for a select few users) by both Zomato as well as Swiggy. The latter also launched a co-branded credit card with a leading bank that is likely an attempt to ac...
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
2023-10-04 03:52:17 pm
Dodla Dairy zooms on the BSE Dodla Dairy is currently trading at Rs. 706.45, up by 29.35 points or 4.33% from its previous closing of Rs. 677.10 on the BSE.The scrip opened at Rs. 690.65 and has touched a high and low of Rs. 727.00 and Rs. 678.95 respectively. So far 12646 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 908.40 on 24-Jul-2023 and a 52 week low of Rs. 417.00 on 13-Mar-2023.Last one week high and low of the scrip stood at Rs. 727.00 and Rs. 67...
Dodla Dairy zooms on the BSE
Dodla Dairy zooms on the BSE
Source: Accord Fintech
2023-10-04 02:38:50 pm
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities In our previous reports on QSR peers, we have highlighted that the near-term operating environment remains challenging, which is also visible from weakness in same store sales and ADS performance over the past few quarters. Westlife too has seen moderation in SSSG; however, it has been relatively more resilient (Exh:2) vs. the weakness seen in other QSR categories like Pizza & Chicken (KFC), primarily due to its strong execution around menuarchitecture, new revenue drivers, omni-channel c...
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-09-30 12:16:17 pm
Shree Renuka Sugars gains on inking pact to acquire 100% stake in Anamika Sugar Mills Shree Renuka Sugars is currently trading at Rs. 55.05, up by 0.29 points or 0.53% from its previous closing of Rs. 54.76 on the BSE.The scrip opened at Rs. 55.44 and has touched a high and low of Rs. 56.08 and Rs. 54.68 respectively. So far 460321 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.70 on 11-Oct-2022 and a 52 week low of Rs. 39.50 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 57.25 and Rs. 52....
Shree Renuka Sugars gains on inking pact to acquire 100% stake in Anamika Sugar Mills
Shree Renuka Sugars gains on inking pact to acquire 100% stake in Anamika Sugar Mills
Source: Accord Fintech
2023-09-27 12:15:25 pm
Spectrum Foods zooms on getting all permissions for resort in Pushkar Spectrum Foods is currently trading at Rs. 57.28, up by 4.49 points or 8.51% from its previous closing of Rs. 52.79 on the BSE.The scrip opened at Rs. 57.99 and has touched a high and low of Rs. 57.99 and Rs. 54.01 respectively. So far 4642 shares were traded on the counter.The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.40 on 19-Jan-2023 and a 52 week low of Rs. 17.84 on 28-Sep-2022.Last one week high and low of the scrip stood at Rs. 57.99 and Rs. 48.00 re...
Spectrum Foods zooms on getting all permissions for resort in Pushkar
Spectrum Foods zooms on getting all permissions for resort in Pushkar
Source: Accord Fintech
2023-09-25 03:48:53 pm
Buy Jubilant Foodworks Ltd For Target Rs.612 - Centrum Broking Ltd Growth vectors in place; eating out frequency risingOur recent interaction with JUBI?s management indicated growth vectors are in place which are led by, (1) rising eating out frequency, (2) reimaging of stores saw high single digit LFL growth, (3) focus on access and reach driving dine-in, and (4) operational excellence. JUBI?s management identified three key priorities, Domino?s, Popeyes and cultural shift to determine future growth, while menu changes in Hong?s Kitchen appears to be pr...
Buy Jubilant Foodworks Ltd For Target Rs.612 - Centrum Broking Ltd
Buy Jubilant Foodworks Ltd For Target Rs.612 - Centrum Broking Ltd
Source: Centrum Broking Limited
2023-09-18 03:22:25pm
Sell Jubilant FoodWorks Ltd For Target Rs.420 - Emkay Global Financial Services JUBI has run-up ~20% in the last 6M in anticipation of growth pick-up. We believe the recent run-up is beyond fundamentals, as our checks suggest that the demand environment has only worsened post Q1 and recovery hopes may further get delayed. From a sporting events perspective, we believe the expected pick-up in the upcoming Q3 needs to be adjusted with 2 big events in the base (T20 and FIFA world cup). Specific to JUBI, the arrest of MoM dip in bill-size is a positive, but muted order...
Sell Jubilant FoodWorks Ltd For Target Rs.420 - Emkay Global Financial Services
Sell Jubilant FoodWorks Ltd For Target Rs.420 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-09-13 02:36:43pm
ITC gains on launching dairy products in Jharkhand ITC is currently trading at Rs. 453.00, up by 6.05 points or 1.35% from its previous closing of Rs. 446.95 on the BSE.The scrip opened at Rs. 448.05 and has touched a high and low of Rs. 453.00 and Rs. 445.50 respectively. So far 154299 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.60 on 24-Jul-2023 and a 52 week low of Rs. 323.00 on 28-Sep-2022.Last one week high and low of the scrip stood at Rs. 448.75 and Rs. 438.05 resp...
ITC gains on launching dairy products in Jharkhand
ITC gains on launching dairy products in Jharkhand
Source: Accord Fintech
2023-09-12 12:33:04pm