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Shares of Jubilant FoodWorks, which operates the Domino’s franchise, hit a seven-month low of Rs 1,070 per share, down 10% on the BSE in intra-day trade on Thursday, after a weak management commentary post the September quarter results (Q2FY19).
The stock has fallen 14.5% from its Wednesday’s high of Rs 1,251 after the announcement of results. It was trading at its lowest level since March 21, 2018.
The company in a conference call said the competition (promotions) has intensified significantly. The demand for delivery manpower from e-commerce players/aggregators is rising and demand environment has been largely unchanged over past
The stock has fallen 14.5% from its Wednesday’s high of Rs 1,251 after the announcement of results. It was trading at its lowest level since March 21, 2018.
The company in a conference call said the competition (promotions) has intensified significantly. The demand for delivery manpower from e-commerce players/aggregators is rising and demand environment has been largely unchanged over past
