MARKET EYE-MStanley downgrades India's Jubilant Foodworks

Mon Nov 5, 2012 1:44pm IST

Related Topics

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)
FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Strong Start

Strong Start

Airwaves auction off to strong start, bids near $10 billion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage