Amid margin concerns, Jubilant stock will face short-term downward pressure

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After surging 22% in the last week of May, the stock of India’s biggest fast-food player, Jubilant FoodWorks, has since lost a third of those gains. While an aggressive store expansion plan and the appointment of a new Chief Executive Officer (CEO) are positive from a growth perspective and eliminate excess leadership, margin concerns could keep pressures on the drop on the short-term title. These concerns have led to a revision of earnings estimates by brokerages.


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First published: Sunday, June 12, 2022. 5:56 p.m. IST

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