Share to buy on May 17: Stock market experts bet high on Jubilant FoodWorks stock

Shares to buy: The stock market of India has been witnessing topsy-turvy trade in last fortnight and the Dalal Street experts have been maintaining that the trend is expected to continue till the Lok Sabha Elections 2019 results are not out. The share market experts are even telling that one should buy stocks by going through its minute details like fundamentals and technicals etc. On the basis of that, the market experts have recommended stock market investors to buy Jubilant FoodWorks for 19 per cent gains in mid-term perspective means two to three months. However, Dalal Street experts have said that if an investor holds this stock for long-term means for 12-months, the profit may jump to 39 per cent. Jubilant FoodWorks shares closed at Rs 1,251 per stocks and experts are expecting it to touch up to Rs 1,739 per stock levels in 12-months time.

Giving details of the Jubilant FoodWorks Pratik Poddar, Research Analyst at Narnolia Financial Advisors said, "FY19 revenue growth of 18.5% was primarily driven by Dominos same-store sales growth of 16.4%. Going ahead, the major sales growth will be through a strategic store expansion where the company has already 102 stores in FY19 and would further add 100 stores in FY20 as per guidance. Further, SSG from the existing stores and a probable price hike during the year would add to the revenue growth."

Poddar of Narnolia Financial ADvisors went on to add that DDI sustained its operational performance for the second straight quarter and is witnessing strong SSG with the improved product portfolio. The company has ventured into Hong’s Kitchen, a Chinese cuisine restaurant, which has been receiving good response. Margins improvement would continue with the management's continuous efforts towards cost rationalization along with breakeven of DDI and better costing on beverages from the new tie-up.

On his suggestion to the stock market investors in regard to the Jubilant FoodWorks shares Pratik Poddar of Narnolia Financial Advisors said, "Fundamentally, the counter seems poised for an upside swing at around 19 per cent in mid-term perspective mean around two to three months time. In this period, the counter can show Rs 1,474 per stock levels." 

Speaking on the technical outlook of the Jubilant FoodWorks shares in long-term perspective means in 12-month time Naveen Trivedi, Analyst, HDFC Securities said, "The Jubilant FoodWorks share is poised to touch Rs 1,739 per shares level in long-term perspective means 12-months time frame."