"Handshake across the Himalayas"

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A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb May 20, 2013. REUTERS/Antonio Bronic

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Deutsche Bank upgrades Jubilant Foodworks

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MUMBAI | Wed Feb 6, 2013 10:28am IST

MUMBAI (Reuters) - Deutsche Bank upgraded its ratings on Jubilant Foodworks Ltd (JUBI.NS) to "buy" from "hold", saying the recent underperformance of shares did not properly factor in the fast food chain operator's ability to sustain "strong" earnings growth.

Deutsche added investors' focus on slowing same store sales growth ignored Jubilant's "huge" opportunity to grow its business, according to a note dated on Wednesday.

(Reporting by Mumbai markets team; Editing by Subhranshu Sahu)

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