Jubilant FoodWorks rallies 25% in three weeks; hits new high on BSE

Analysts believe Jubliant FoodWorks aggression towards store opening and increase investment towards digital infrastructure will allow the company to emerge stronger from the pandemic.

Shares of Jubilant FoodWorks (JFL) hit a new high of Rs 3,842, up 4 per cent on the BSE in intra-day trade on Tuesday on expectation of a strong growth outlook. In the past three weeks, the stock of this quick service restaurant (QSR) company has rallied 25 per cent after reported a good set of numbers for the quarter ended June 2021 (Q1FY22). IN the process, the counter has managed to surpass its previous high of Rs 3,829.10 hit on August 3, 2021.

JFL is India’s largest foodservice company. Its Domino’s Pizza franchise extends across a network of