Jubilant Food, Tata Coffee: Strategy for QSR stks post Burger King listing

An upmove above the resistance level of Rs 2,700 may trigger a rally towards Rs 3,000 mark in Jubilant FoodWorks, technical charts suggest

Shares of Burger King India witnessed bumper listing at the bourses on Monday, debuting at Rs 115.35, a 92 per cent premium against its issue price of Rs 60 on the BSE. READ HERE

The stellar listing of Burger King India, analysts say, points out at the promising growth that the quick service restaurant (QSR)-industry offers. The Indian food services markets is projected to grow at a CAGR of 9 per cent over the next five years. It is expected to reach Rs 650,500 crore by FY25 from FY20 estimates of Rs 423,600 crore.

"Although the market is