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Jubilant FoodWorks' Stock Split, Delhivery's Rs 76.4 bn IPO, and Buzzing Stocks Today

update 17 Jan 03:00 AM

Posted by Equitymaster Indian share markets ended on a flat note on Friday. Benchmark indices snapped their four-day winning run and ended lower amid weak global cues. At the closing bell on Friday, the�BSE Sensex�stood lower by 12 points (down 0.1%). Meanwhile, the�NSE Nifty�closed lower by 2 points (down 0.1%). Tata Consumer Products and IOC were among the�top gainers. Asian Paints and Axis Bank, on the other hand, were among the�top losers. The�BSE Mid Cap�index and the BSE Small Cap�index ended up by 0.2% and 0.5%, respectively. Sectoral indices ended on a mixed note with stocks in the telecom sector and FMCG sector witnessing most of the selling pressure. --- Advertisement --- 3 'Crorepati' Stocks to Consider Owning in 2022 Register for Richa Agarwal's Top 3 Stocks for 2022 MEGA Summit and discover the details of 3 'Crorepati' Stocks to consider owning in 2022. When: Tuesday, January 18, 5 PM IST Where: Online - Join with this link Save Your Spot for the Summit Here ------------------------------ Engineering and realty stocks, on the other hand, witnessed buying interest. Shares of Jamna Auto and Trident hit their respective�52-week highs. Gold prices for the latest contract on MCX were trading up by 0.4% at Rs 47,915 per 10 grams at the time of closing stock market hours on Friday. Speaking of stock markets, India's #1 trader Vijay Bhambwani addresses the concerns regarding the imminent tapering by the US Federal Reserve, in his latest video for Fast Profits Daily. In this video, Vijay shares his view on the impact of Fed rate hike on Indian markets. Tune in to find out more: Top Stocks in Focus Today Among the buzzing stocks today will be Jubilant FoodWorks. Jubilant FoodWorks rose 2.9% to Rs 4,032 after the company said its board will consider a stock split on 2 February 2022. The board of Jubilant FoodWorks will also consider December quarter results on 2 February 2022. On a standalone basis, Jubilant Foodworks' net profit rose 58% to Rs 1.2 bn on 36.7% rise in revenue from operations to Rs 11 bn in the September 2022 quarter over the same quarter last year. Jubilant Foodworks is India's largest foodservice company. It holds the master franchise rights for three international brands, Domino's Pizza, Dunkin' Donuts and Popeyes addressing three different food market segments. The company launched its first homegrown brand - Hong's Kitchen in Chinese cuisine segment & has also begun offering brand-owned ready-to-cook range of sauces, gravies and pastes, 'ChefBoss'. The company also entered into the exciting world of Biryanis with the launch of "Ekdum!". --- Advertisement --- Revealed: 2022's BIGGEST Investment Idea Do you want to know how to potentially start making windfall gains starting this year? Then you must definitely check out our BIGGEST investment idea for 2022. Our team at Equitymaster has been relentlessly researching a unique segment that presents a 15x opportunity. We have revealed our complete research on this massive 15x opportunity in a video including the details of 3 stocks our analysts have picked. All you have to do is watch the video, get the information and potentially start making profits starting this 2022. Click Here to Watch the Video ------------------------------ The company currently operates more than 1,435 outlets for Domino's Pizza, Dunkin' Donuts and Hong's Kitchen and is a market leader in pizza segment. The company has more than 30,000 brand ambassadors committed to deliver value to its customers. Aditya Birla Fashion share price will also be in focus today. Aditya Birla Fashion and Retail paid Rs 900 m for a 51% stake in the House of Masaba. It is building a gamut of designer brands and after having a stake in Sabyasachi, Shantanu and Nikhil and Tarun Tahiliani. Aditya Birla Fashion is not the only one, over the last year or so, investments have been seen in this space coming from Reliance as well. Reliance, for instance, has taken Satya Paul, Manish Malhotra as well as Ritu Kumar. So, all these designers eventually, after building their label proof of concept, are finding corporate buyers who are looking to scale up these brands and get more revenue out of them. Apart from designer brands, Aditya Birla Fashion entered into ethnic wear as well and recently also bought the license for Reebok. So that gives them the entire portfolio alongside the brands that they have already. Looking at Masaba's revenues, they have been close to Rs 300 m for the previous year, but that's from a limited number of stores. Therefore, what Aditya Birla Fashion or Reliance can do to these brands is take their brands and leverage their presence with the presence that they have across the country and the scale-up could be manifold just by virtue of these brands being available at multiple places as against just a few stores that they are in currently. The Rebirth of India: A Once-in-a-generation Wealth Making Opportunity Get Details Now Market Regulator Approves Delhivery's Rs 74.6 bn IPO Market regulator has approved Delhivery's Rs 76.4 bn initial public offering (IPO). Delhivery wants to head to Dalal Street with its IPO as early as this month. It will however not want its IPO to coincide with the Union Budget speech on 1 February 2022, which also happens to be start of the Chinese New Year and the Hong Kong equity markets will be shut. Delhivery's IPO is one of the most anticipated IPOs of new age companies this year. After the blockbuster listing of Zomato and Nykaa, the Paytm IPO debacle has become a big concern for the primary markets. Experts say Paytm did not leave enough value on the table. Now there is one big common factor between Delhivery and Paytm and that is SoftBank. The Japanese giant happens to be Delhivery's largest shareholder with a 22.78% stake. As it is, unlike its other startup peers, the Delhivery IPO has a large fresh issue. Out of the Rs 76.4 bn it is targeting to raise from the IPO, Rs 50 bn via a fresh issue. CPI Inflation Starts Another 6%+ Journey After Turn in Base Effect India's consumer price index (CPI) inflation jumped to 5.59% in December from 4.91% the previous month. However, the Reserve Bank of India's monetary policy committee will likely not be too disturbed because the average for the last quarter of 2021 undershot the central bank's forecast by 10 basis points. The base effect, which was instrumental in lowering CPI inflation from 6%+ to close to the central bank's target of 4% in the space of a few months, turned for the worse in December and is unlikely to help policymakers in the first quarter of 2022. In November, CPI inflation had risen less than expected to 4.91% from 4.48% the previous month. The RBI noted last month in its monthly State of the Economy article that inflation had risen only 43 basis points due to a favourable base effect of about 30 basis points, partially offsetting price momentum of around 70 basis points. Back-of-the-envelope calculations showed this favourable base effect of 30 basis points in November turned into an unfavourable base effect of 104 basis points in December. The general index of the CPI fell to 166.1 in December from 166.7 the previous month. The base will remain unfavourable in January, too, resulting in CPI inflation trending even higher and going past 6%, the upper bound of the RBI's inflation mandate. We will keep you updated on the latest developments from this space. Stay tuned. To know what's moving the Indian stock markets today, check out the most recent�share market updates here. This article (Jubilant FoodWorks' Stock Split, Delhivery's Rs 76.4 bn IPO, and Buzzing Stocks Today) is authored by Equitymaster. Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Jubilant FoodWorks board to consider share split proposal

update 14 Jan 08:25 PM

The board, in its scheduled meeting to be held on February 2, 2022, will consider a proposal for "alteration in the capital of the Company by sub-division/split of existing equity shares of the Company having face value of Rs. 10/- each, fully paid up."

JPMorgan sees ONGC at Rs 235; Jefferies downgrades 2 steel stocks

update 11 Jan 09:16 AM

Jefferies is not so optimistic on India metals as 2022 begins. Among other key rating updates, Citi has maintained its 'buy' rating on Jubilant Foodworks as it believes the stock is for long-term investors.

Trade Spotlight | What should investors do with KPIT Tech, Garden Reach, India Cements, Jubilant FoodWorks?

update 10 Jan 07:50 AM

Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today

Jubilant Foodworks jumps 4% as Morgan Stanley raises target price to Rs 5,000

update 23 Dec 10:20 AM

The stock opened 2 percent higher on today and extended gains to rise nearly 4 percent

Sell Jubilant Foodworks, target price Rs 3300: HDFC Securities

update 25 Nov 11:52 AM

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 49433.62 Crore) operating in Tourism & Hospitality sector.

Buy Jubilant Foodworks, target price Rs 4190: Chandan Taparia

update 15 Nov 09:42 AM

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 53278.54 Crore) operating in Tourism & Hospitality sector.

Buy Jubilant Foodworks, target price Rs 4220: Geojit

update 27 Oct 12:02 PM

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 49890.90 Crore) operating in Tourism & Hospitality sector.

Accumulate Jubilant FoodWorks; target of Rs 4111: Prabhudas Lilladher

update 26 Oct 11:10 AM

Prabhudas Lilladher recommended accumulate rating on Jubilant FoodWorks with a target price of Rs 4111 in its research report dated October 20, 2021.

Add Jubilant Foodworks, target price Rs 4200: ICICI Securities

update 21 Oct 10:31 AM

Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2021.