Coffee Day Enterprises, Jubilant FoodWorks, Just Dial hit 52-week lows

Post demonetization scheme, all these stocks have fallen between 8% and 15%

Coffee Day Enterprises, Jubilant FoodWorks, Just Dial and Network18 Media & Investments from the BSE500 index have hit their respective 52-week lows on the BSE on Wednesday in intra-day trade.

Post demonetization scheme, since November 9, all these four stocks have fallen between 8% and 15%, on concerns of the government move to abolish high-denomination notes may impact the sales for short term. The S&P BSE Sensex was down 4.4% during the same period.

Jubilant FoodWorks hit a 52-week low of Rs 818 on the BSE in intra-day trade today, falling 16% in past six-weeks. Jubilant FoodWorks is a leading player in the organized quick service restaurants (QSR) industry with over 70% share in the organized pizza market (under Domino’s Pizza).

JP Morgan expects de-monetization impact to affect the earnings trajectory for Jubilant FoodWorks meaningfully in 2HFY17 (October-March) as impulse purchases will come down.

Disruption on account of lack of cash (over 70% of transactions are cash based) will weigh on earnings performance in 2H, the foreign brokerage said in a report.

Coffee Day Enterprises touch an intra-day low of Rs 195, has seen its stock price decline by 13% during the period. The company’s same store sales growth (SSSG) growth stood at 3.04% in Q2FY17 against 4.06% in Q1FY17 and 5.26% in Q2FY16.

In a post Q2F17 earnings call, Coffee Day Enterprises management noted that their stores witnessed a 19% dip in sales immediately post demonetization announcement and the decline moderating gradually with a 4% dip five days later.

At 11:54 am; the stock was up 5% at Rs 205, recovering its entire morning losses, after a huge block deal executed on the BSE. Around 1.01 million shares representing 0.49% of total equity of the company changed hands on the BSE.

Company	08/11/2016	LTP	% chg	52-wk high
Jubilant Food	974.45	824.20	-15.42	1534.00
Netwrk.18 Media	40.10	34.65	-13.59	63.90
Just Dial	394.00	346.20	-12.13	903.00
Coffee Day Enter	223.45	205.00	-8.26	297.40
Sensex	27591.00	26351.00	-4.49