May 9, 2018 / 5:04 AM / 2 months ago

BUZZ-India's Jubilant Foodworks rises; analysts bullish after March-quarter results

** Shares of Jubilant Foodworks Ltd extended gains to rise as much as 2.1 pct to 2,614.4 rupees

** The company, which operates Domino’s Pizza brand, reported over a 10-fold rise in March-quarter profit on Tuesday

** HSBC Global Research upgrades stock rating to “buy”, raises target price to 2,950 rupees from 2,605 rupees, stating growth momentum will continue in FY19

** Citi Research states co’s focus on innovation, customer experience bodes well for medium- to long-term prospects; retains “buy” rating, raises target price to 2,950 rupees from 2,500 rupees

** Deutsche Bank raises price target to 2,975 rupees from 2,600 rupees, retains a “buy” rating

** Of the 31 brokerages covering stock, 20 have a “buy” or higher rating, eight have “hold” rating and three have “sell” or lower rating; median target price of 2,647.50 rupees - Thomson Reuters Eikon

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