MARKET EYE-MStanley downgrades India's Jubilant Foodworks

Mon Nov 5, 2012 1:44pm IST

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Stocks

   

* Jubilant Foodworks falls 2.1 percent after Morgan
Stanley downgrades the stock to "equal-weight" from
"overweight", following recent out-performance in the shares and
an absence of near-term catalysts.
* The investment bank says the Indian operator of Domino's Pizza
will face increased competition in the delivery business from
Pizza Hut.
* Morgan Stanley also recommends investors book profits given
Jubilant had surged 78 percent as of Friday's close compared
with a 23 percent increase in the broader NSE index.

 (abhishek.vishnoi@thomsonreuters.com)
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