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<ul><li><keyword id="3742694" type="General" weightage="20" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword> India IPO opens today and will close on November 11.</li><li>The IPO consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters.</li><li>Analysts believe riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits</li><li>Moreover, shares of the company are demanding a premium of ₹125 in the grey market.</li></ul>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has opened its initial public offering (IPO) for investors to subscribe today, November 9. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. As of June 2021, the company owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. Here is what brokerages recommend for the IPO: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Brokerages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rating </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Canara Bank Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KR Choksey </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Choice Broking </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe with caution </td></tr></tbody></table>Analysts believe the company is well positioned to capture the new age wave of change in eating habits. “Riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits. The quick service restaurant (QSR) segment is expected to witness a significant rebound in the coming years driven by the economic recovery of the country and improvement in the purchasing power of consumers,” said brokerage firm KR choksey while recommending a ‘subscribe’ rating to the IPO. IPO may attract more number of investors as the shares of the company are demanding a premium of ₹125 in the grey market, according to IPO Watch. Analysts at Canara Bank Securities has also recommended a subscribe rating to the IPO as it says, “The company has been optimising its stores by reducing its space as a part of its cost saving strategy. Although the bottom line of the company is negative, it is positive at the operating level with an operating margin of 12-14% in FY19-21 backed by a strong balance sheet.” Meanwhile, analysts at Choice Broking recommend to subscribe with caution as it is concerned about the company’s profitability as it has been incurring continuous losses. “While valuation seems reasonable compared to peers, we are concerned about business profitability due to higher likelihood of continuing incurring losses in the coming fiscals. Additionally, the company has a short operating history as it started franchise operations with YUM brands in 2015,” said the brokerage firm. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January-March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April-June </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹313 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹108 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹26 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹99 crore </td></tr></tbody></table> Meanwhile, most of Sapphire Foods’ peers have performed well in the 2021 so far. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peer company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Devyani International </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,797 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant Foodworks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50,905 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Westlife Development </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9,196 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Burger King India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,217 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sapphire Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7,498 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/route-mobile-britannia-ril-and-other-top-stocks-to-watch-out-for-on-november-9/slidelist/87596612.cms">Route Mobile, Britannia, RIL and other top stocks to watch out for on November 9</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-to-get-refund-if-nykaa-ipo-not-allotted/articleshow/87594530.cms">Not received Nykaa IPO refund? Here are the things you should know about</a>

Sapphire Foods will capture the wave of change in eating habits, say analysts

Jubilant FoodWorks, Easy Trip Planners, Dr. Reddy’s and other stocks to watch out for on June 16

<ul><li>At 7:45 am, SGX Nifty was down by 50 points, or 0.38%.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a></li></ul>Indian stock markets could see a bounce back on Tuesday after the <a href="https://www.businessinsider.in/stock-market/news/sensex-sees-2-weeks-of-gain-wiped-out-in-half-a-day-plunges-by-over-1400-points/articleshow/79838339.cms">massive plunge on Monday</a>. At 7:45 am, SGX Nifty was down by 50 points, or 0.38%, suggesting that the Indian stock exchanges will have a tepid start to the day. This is at a time when <a href="https://www.businessinsider.in/stock-market/news/us-stocks-close-mixed-as-stimulus-optimism-clashes-with-new-virus-strain/articleshow/79895509.cms">US stocks had a mixed day</a> as stimulus optimism clashed with the new virus strain. The Dow Jones closed in the red, down by 0.67%, while S&amp;P 500 was down by 0.21%. These are the stocks to watch out for during the trading session today <keyword id="6354512" type="COMPANY" weightage="20" keywordseo="Infosys">Infosys</keyword> Infosys has announced a deal with German automotive giant Daimler AG. As part of the deal, Infosys will take over Daimler AG’s employees in Germany, the US and the Asia Pacific region. <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> Wipro has announced a share buyback program which will open on December 29 and close on January 11. Additionally, the <a href="https://www.businessinsider.in/business/corporates/news/wipro-buys-the-it-operations-of-a-german-food-services-firm-for-700-million/articleshow/79909949.cms">IT company has also announced a deal with German multinational company Metro AG</a>. According to the ₹9,500 crore worth buyback offer, Wipro plans to purchase shares at ₹400 per share, which is 10% more than yesterday’s (Dec 22) closing price of ₹364, looking to mop up 23.75 crore shares from the market. Additionally, Wipro has signed a $700 million deal with Metro AG that will bring over 1,300 employees of the German company to Wipro. Mahindra &amp; Mahindra Mahindra’s South Korean subsidiary SsangYong Motor has filed for bankruptcy after failing to repay loans worth ₹680 crore. Jubilant FoodWorks The company has announced “The Unthinkable Pizza” based on plant protein. This comes after it had announced its foray into biryani (an Indian rice-based dish) that sent its stock soaring to a record high. <keyword id="6359783" type="ORGANIZATION" weightage="20" keywordseo="bajaj-auto">Bajaj Auto</keyword> Bajaj Auto has signed a memorandum of understanding (MoU) with the Maharashtra government to set up a manufacturing unit with an investment of ₹650 crore. Punjab National Bank State insurer Life Insurance Corporation of India has increased its stake in the bank from 4.12% to 7.73%. Majesco One of the hottest stocks in the news recently, it will be worth watching out for today as its promoter Ketan Mehta and others sold 10.5 lakh shares while Atul Limited acquired 2.14 shares. LT Foods The company received a boost in its ratings from CRISIL, who revised its outlook to ‘positive’ from ‘stable’. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/apple-rises-3-after-report-says-the-company-aims-to-produce-electric-cars-by-2024/articleshow/79872303.cms">Apple's market value grows by $102 billion after report says the company aims to produce electric cars by 2024</a> <a href="https://www.businessinsider.in/stock-market/news/us-stocks-close-mixed-as-stimulus-optimism-clashes-with-new-virus-strain/articleshow/79895509.cms">US stocks close mixed as stimulus optimism clashes with new virus strain</a> <a href="https://www.businessinsider.in/stock-market/news/billionaire-investor-sam-zell-questions-tesla-and-bitcoin-predicts-workers-will-return-to-offices-and-warns-the-us-dollar-could-be-replaced-as-the-worlds-reserve-currency-in-a-new-interview-here-are-the-15-best-quotes-/articleshow/79843473.cms">Billionaire investor Sam Zell questions Tesla and Bitcoin, predicts workers will return to offices, and warns the US dollar could be replaced as the world's reserve currency in a new interview. Here are the 15 best quotes.</a>

Top stocks to watch – Infosys, Wipro, Jubilant FoodWorks, Bajaj Auto, Majesco, and others

<ul><li><keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword> announced a new brand called Ekdum! with a variety of <keyword id="555496" type="PERSON" weightage="20" keywordseo="Biryanis">biryanis</keyword> from across India. </li><li>The love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 7% on Thursday (November 17) morning.</li><li>Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. </li></ul>The parent company of Domino’s pizza and Dunkin’ Donuts knows what Indians love the most – Biryani. Jubilant Foodworks announced a new brand called Ekdum! with a variety of biryanis from across India. And the love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 6% on Thursday (November 17) morning. Its share price stood at ₹2,873.45 as of 11.45 am. <div type="image" title="jubilant." msid="79774160" hostid="261"></div> The company announced its Biryani foray with the likes of Hyderabadi Nizami Biryani, Lucknowi Nawabi Biryani, Dindigul Biryani, Kolkata Biryani, Butter Chicken Biryani, Egg Biryani, Paneer Makhni Biryani, and Tawa Chicken Biryani. Jubilant is also keeping its offering in the affordable range with a starting price of ₹99. "In line with our strategy of portfolio expansion, we are delighted to introduce Ekdum!,our new venture in the Biryani category. We see strong potential in this segment and are confident that Ekdum!, with its sharp and differentiated proposition will create a strong position for itself in the market,” said Shyam S Bhartia, Chairman and Hari S. Bhartia Co-Chairman, Jubilant FoodWorks Limited in a joint statement. The foray into the Biryani segment has also been appreciated by market analysts as the food item is one of the most popularly ordered dishes across e-commerce as well as sit-in restaurants. “Biryani is one of the most popular dishes and a large category in India— it lends well to delivery, sells well across lunch/dinner, appeals across demographics and offers scale and robust profitability/return metrics,” said a report by Kotak Securities. The report further said that there are three factors to keep in mind for Jubilant’s new offering – the pricing is attractive, the economics that can be achieved with Biryani is comparable to that of Domino’s, however, while Domino’s has a consistent taste offering through its pizza, managing the same with biryani could be a difficult task as it will also depend on the chefs hired. And, the company will also face competition from established brands like Biryani By Kilo, Behrouz Biryani, Biryani Bluez as well as traditional biryani outlets across different cities which have a brand legacy working for them like Hyderabad’s Paradise Biryani, among others. “JFL is opening three restaurants in Gurgaon for Delivery, Takeaway and Dine-In, with more restaurants planned to open in NCR over the next few months. In our view, this is a positive move by the company, which would help JFL to boost the revenue growth significantly going ahead,” said Amarjeet Maurya, AVP, Mid Caps, Angel Broking. Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. Having started with a single outlet in Gurugram, the brand has scaled to five more stores. And experts believe that both the biryani and chinese cuisine offerings will help the company. “In our view, the platform is in place to accelerate store additions to 100-125 per year in Domino’s and 30-40 aggregate between HK and Ekdum!. We believe there is room for Jubilant Foodworks to step up aggression and investments,” said the Kotak report. SEE ALSO: <a href="https://www.businessinsider.in/business/news/india-has-a-hot-new-debate-on-its-plate-should-the-likes-of-burger-king-kfc-and-mcdonalds-menus-mention-calories/articleshow/79771040.cms">India has a hot new debate on its plate: Should the likes of Burger King, KFC and McDonald’s menus mention calories?</a> <a href="https://www.businessinsider.in/india/news/cooking-lpg-gas-cylinder-prices-hiked-by-100-this-month-how-much-subsidies-on-gas/articleshow/79772801.cms">Cooking gas prices hiked by ₹100 this month – check what happens to subsidies</a>

Biryani makes Domino’s Indian franchise owner 7% fatter⁠— the street's evidently "jubilant"

<ul><li>The company which has exclusive rights for Domino’s in India and Sri Lanka has now launched its first own homegrown brand. </li><li>Cashing in on the popularity of Chinese cuisine in India, Jubilant has opened Hong’s Kitchen in Gurugram. </li><li>The company operates 1,200 Domino’s Pizza restaurants across 271 cities in India and 32 Dunkin’ Donuts restaurants across 10 cities in India.</li></ul><keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword>, which is popular for its exclusive rights for Domino’s restaurants in India, has now launched its own brand – Hong’s Kitchen. With this, the company marks its foray into the Chinese cuisine segment with Hong’s Kitchen and its first outlet has opened up in Gurugram’s Eros mall. The company’s management noted this as a step towards building a stronger portfolio for JFL, after Domino’s and Dunkin’. “While Chinese food is the second largest consumed cuisine in the country, there exists a vast gap between street vendors and premium fine-dining restaurants,” said Pratik Pota, CEO and Whole-time Director, Jubilant FoodWorks Limited in a statement. Interestingly, Hong’s Kitchen is also a common name for Chinese restaurants across the world. Restaurants with the same name are present in Hamilton, Newcastle, Nova Scotia (Canada) etc. Jubilant has 1,200 Domino’s Pizza restaurants across 271 cities in India and 32 Dunkin’ Donuts restaurants across 10 cities in India. According to its official records, the company’s operating revenue for FY18 stood at ₹29,804 million, up by 17.1% from the previous financial year. Jubilant Foodworks was in the news last month as it started paying brand royalty to Jubilant Enpro for using the name 'Jubilant'. As part of the royalty, JFL would have to pay 0.25% of its revenues from each of its three subsidiaries to Jubilant Enpro. See Also: <a href="https://www.businessinsider.in/2-5-million-indians-celebrated-the-great-indian-restaurant-festival-with-pizza-and-happy-hours-topping-the-charts/articleshow/68376260.cms">A whopping 2.5 million Indians dined out in February as discounts poured in – Here’s what most of them ate</a> <a href="https://www.businessinsider.in/zomato-and-swiggy-discounts-of-concern-to-indian-restaurants/articleshow/68256281.cms">In India, restaurants have a love-hate relationship with online food delivery platforms</a>

From Domino’s to Hong’s Kitchen – India's Jubilant Foodworks enters the Chinese fast food segment with its own budget brand

<ul><li>At 8:45 am, SGX Nifty was up by 40 points, or 0.29%.</li><li>Here’s a list of stocks to watch for in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a></li></ul>Indian stock markets could extend their gains on Thursday after the Nifty regained the 13,600 level on Wednesday. At 8:45 am, SGX Nifty was up by 40 points, or 0.29%, suggesting that the Indian stock exchanges could have a positive start to the day. <a href="https://www.businessinsider.in/stock-market/news/us-stocks-gain-as-pelosi-pressures-republicans-to-pass-2000-stimulus-checks/articleshow/79931994.cms">US stocks had a mixed response</a> to the Trump administration’s proposal to increase stimulus relief cheques from $600 to $2,000. The Dow Jones closed up by 0.38%, while S&amp;P 500 was barely in the green, up by 0.07%. These are the stocks to watch out for during the trading session today: <cmsannotation type="cmsannotation" annotationid="Mrs Bectors Food Specialties" comment="subhead" text="Mrs Bectors Food Specialties"><keyword id="6797647" type="UNKNOWN" weightage="20" keywordseo="mrs-bectors">Mrs Bectors</keyword> Food Specialties</cmsannotation> After breaking all records of initial public offerings (IPO) this year, Mrs Bectors Food Specialties is all set to debut on the stock exchanges today. The final issue price is fixed at ₹288 per share, and it was oversubscribed by 198 times in total. <cmsannotation type="cmsannotation" annotationid="Reliance Industries" comment="subhead" text="Reliance Industries">Reliance Industries</cmsannotation> Reliance Industries’ telecom arm Jio added 2.23 million subscribers in October, picking up the slack when compared to its performance in the month before – it added only 1.46 million subscribers during September. <cmsannotation type="cmsannotation" annotationid="Bharti Airtel" comment="subhead" text="Bharti Airtel"><keyword id="6354287" type="DOMAIN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword></cmsannotation> Airtel continued to outperform Reliance Jio, adding 3.7 million subscribers in October as compared to 3.78 million in September. <cmsannotation type="cmsannotation" annotationid="Vodafone Idea" comment="subhead" text="Vodafone Idea"><keyword id="1553175" type="PERSON" weightage="20" keywordseo="Vodafone-Idea">Vodafone Idea</keyword></cmsannotation> Vodafone Idea’s troubles continue to mount as it continued to hemorrhage subscribers in October – it lost 2.66 million subscribers in October as compared to 4.65 million in September. <cmsannotation type="cmsannotation" annotationid="IL&amp;FS" comment="subhead" text="IL&amp;FS">IL&amp;FS</cmsannotation> The beleaguered Infrastructure Leasing &amp; Financial Services has reached an agreement to sell its Chinese road asset worth ₹2,074 crore, helping it resolve ₹2,500 crore worth of debt. <cmsannotation type="cmsannotation" annotationid="InterGlobe Aviation" comment="subhead" text="InterGlobe Aviation"><keyword id="2351966" type="ORGANIZATION" weightage="20" keywordseo="InterGlobe-Aviation">InterGlobe Aviation</keyword></cmsannotation> InterGlobe Aviation’s <keyword id="6354706" type="DEFINITION" weightage="20" keywordseo="IndiGo">IndiGo</keyword> may start rehiring slowly in the next three months as capacity rebuilds. The company’s CEO Ronojoy Dutta said “Doom and gloom is off the table and we are recovering pretty nicely, especially domestically,” in an interview with Bloomberg Television. <cmsannotation type="cmsannotation" annotationid="Future Group" comment="subhead" text="Future Group">Future Group</cmsannotation> The beleaguered retail giant’s lenders have agreed to restructure loans under the Reserve Bank of India’s scheme at a time when its deal with Reliance Industries remains entangled in a legal dispute with Amazon. However, in a <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/df0d2835-5bf7-4592-b5d2-2141ffba6fa8.pdf">statement to the bourses</a>, Future Retail said that the Delhi High Court verdict is a green light for the deal with Ambani-owned retail giant and that it will follow the direction of the Indian court, not the Singapore court which had sought to stop the deal process from proceeding further. <cmsannotation type="cmsannotation" annotationid="Deepak Nitrite" comment="subhead" text="Deepak Nitrite"><keyword id="222918" type="DOMAIN" weightage="20" keywordseo="Deepak-Nitrite">Deepak Nitrite</keyword></cmsannotation> The Indian government extended anti-dumping duty on phenol imports from South Africa for 5 years. Deepak Nitrite has the largest phenol plant in the country. <cmsannotation type="cmsannotation" annotationid="Jubilant FoodWorks" comment="subhead" text="Jubilant FoodWorks"><keyword id="95677" type="DOMAIN" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant FoodWorks</keyword></cmsannotation> The Maharashtra government has agreed to reduce excise license charges for restaurants by up to 50%, in addition to waiving off the 15% hike in excise renewal fee for the current financial year ending March 2021. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/us-stocks-gain-as-president-trump-asks-for-2000-stimulus-checks/articleshow/79926907.cms">US stocks gain as President Trump asks for $2,000 stimulus checks</a> <a href="https://www.businessinsider.in/stock-market/news/theres-good-chance-a-santa-claus-rally-will-drive-the-stock-market-higher-into-year-end-lpl-says/articleshow/79931931.cms">There's good chance a 'Santa Claus rally' will drive the stock market higher into year-end, LPL says</a> <a href="https://www.businessinsider.in/stock-market/news/heres-the-main-reason-why-apple-wants-to-get-into-the-low-profit-car-business-according-to-goldman-sachs/articleshow/79928664.cms">Here's the main reason why Apple wants to get into the low-profit car business, according to Goldman Sachs</a>

Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others

<ul><li>At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to start lower on Thursday, led by negative cues from the global markets. At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The<a href="https://www.businessinsider.in/stock-market/news/nasdaq-closes-at-record-high-as-investors-digest-fed-action-and-stimulus-talks/articleshow/79769421.cms"> US equities closed mixed on Wednesday</a> as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&amp;P 500 was up 0.18%. These are the stocks to watch out for during the trading session today: Hero MotoCorp The two-wheeler major Hero MotoCorp said it would hike the two-wheeler prices with effect from January 1. The company cited a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the rationale behind the price hike. RIL, Airtel, Vodafone-Idea and other telecom stocks RIL, Airtel, Vodafone-Idea and other telecom stocks will be in focus during the trade today as the union cabinet approved a proposal to auction spectrum worth 4 lakh crore in March 2021. A total of <a href="https://www.businessinsider.in/business/telecom/news/indian-government-to-auction-spectrum-worth-4-lakh-crore-in-march-2021/articleshow/79757930.cms">2,251.25 MHz of spectrum</a> will be auctioned across seven bands. Future Enterprises Future Enterprises on Wednesday reported a consolidated net loss of ₹320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of ₹21.78 crore in the corresponding quarter a year ago. Wipro IT services major Wipro has completed the acquisition of 83.4% equity stake in Chennai-based Encore Theme Technologies. In October, Wipro announced that it had signed a definitive agreement to acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services, for up to ₹95 crore. IndusInd Bank The Private lender IndusInd Bank said the market regulator SEBI had granted a one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over ₹2,695 crore into equity. Computer Age Management Services (CAMS) Computer Age Management Services (CAMS) informed stock-exchanges that it had been considered eligible for selection and a further grant of registration as a Central Record Keeping Agency under the National Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015. IRCTC The government has proposed to offer up to 16 lakh equity shares to the eligible employees of the company at a price of ₹1,377.55 per equity share. Employee OFS will open from December 18 till December 21. Lakshmi Vilas Bank The Lakshmi Vilas Bank (LVB), which was amalgamated with DBS Bank last month has decided to delist its equity shares with effect from December 18. Jubilant FoodWorks Jubilant FoodWorks forays into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion. ‘Ekdum!’ will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages. Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and others Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and other sugar stocks will be in focus during the trade today as the cabinet approved ₹3,500 crore subsidy for sugar farmers and ₹6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/thelife/personalities/news/facebook-ceo-mark-zuckerberg-and-reliance-industries-mukesh-ambani-spoke-but-had-no-chemistry/articleshow/79739547.cms" data-type="tilCustomLink">Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them</a>

Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

<ul><li>The Sensex was trading 1.67% lower; while the Nifty was down 1.6%.</li><li>These were the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian benchmark stock index, Sensex plunged over 650 points on Friday amid the global sell-off. The Sensex was trading 1.67% lower; while the Nifty was down 1.6% compared to the previous close. These were the top losers and gainers in the Nifty pack: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cipla </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zee Entertainment </td></tr></tbody></table>*as of September 4, 10:00 am These are the top stocks that are buzzing in trade today: Future Retail locked in a lower circuit for the third day in a row The shares of Future Retail were locked in a lower circuit for the third day in a row. The fall was just 5% in comparison to the 10% lower circuit on the previous days. The stock-exchanges have revised Future Retail price band from 10% to 5%. The company is slated to report its first-quarterly earnings today. Vodafone-Idea jumped 6% on hopes of the fundraising plan Vodafone-Idea shares rallied nearly 6% as the company board is slated to meet today to consider a $1.5 billion fundraising proposal. ICICI Bank, IndusInd Bank, Axis Bank, SBI and other banking stocks The Bank Nifty Index was trading 2.30% lower at 9:43 am with the shares of ICICI Bank, IndusInd Bank, Axis Bank and SBI down nearly 2% following the SC verdict on the moratorium. The apex court has adjourned hearing in the loan moratorium case till September 10 and directed banks that the accounts, which were not declared as non-performing assets till August 31 this year, shall not be declared NPA till further orders. Infosys down 2% in a volatile market Shares of IT major Infosys were 2% on September 4, when the market was down 500 points. Infosys acquired a US-based product design and development firm Kaleidoscope Innovation for up to $42 million. Kaleidoscope Innovation designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables. Tata Motors down 1% Tata Motors shares lost 1% during the morning trade on September 4, despite the company winning an order from Energy Efficiency Services to procure 250 electric vehicles. Tata Motors will supply 150 Nexon XZ+ electric compact SUVs for the government use. However, EESL will procure Tata Nexon at ₹14.86 lakh each, ₹13,000 cheaper than its ex-showroom price. Maruti and Hero MotoCorp only gainers in the auto industry Maruti and Hero MotoCorp were the only gainers in the auto industry despite the volatile market. The shares of Maruti were up 2% whereas Hero gained nearly a percent. Jubilant FoodWorks open 2% lower The shares of Jubilant FoodWorks, the food chain which operates Dominos and Dunkin Donuts in India tanked 2% after the company posted a consolidated net loss of ₹74.47 crore for the quarter ended June 30. The company’s revenue from operations declined 59.07% to ₹388.41 crore. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-future-retail-indusind-bank-sbi-vodafone-idea-infosys-hal-tata-motors-jubilant-industries-and-more/articleshow/77922853.cms" data-type="tilCustomLink">Top stocks to watch— Future Retail, IndusInd Bank, SBI, Vodafone-Idea, Infosys, HAL, Tata Motors, Jubilant Industries and more</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-may-need-up-to-18800-crore-in-next-two-years-and-tariff-hikes-to-survive-says-a-new-report/articleshow/77923943.cms" data-type="tilCustomLink">Vodafone Idea may need up to ₹18,800 crore in next two years and tariff hikes to survive, says a new report</a>

Top stock movers — Future Retail, Vodafone-Idea, Jubilant FoodWorks, ICICI Bank, Hero Moto, Maruti, Infosys, Tata Motors and more

<ul><li>A 50:50 joint venture between Connaught Plaza Restaurants Pvt. Ltd (CPRL) and <keyword id="6378093" type="UNKNOWN" weightage="20" keywordseo="mcdonalds">McDonald's</keyword> India runs 169 outlets in North and East India.</li><li>In August 2017, McDonald’s terminated its agreement with CPRL, but the Indian venture is still operating while the dispute is being examined by the courts. </li><li>Domino’s Pizza operator <keyword id="129118" type="COMPANY" weightage="20" keywordseo="Jubilant-Foodworks-Ltd-">Jubilant FoodWorks Ltd.</keyword> profits more than tripled to 660 million rupees in the quarter ending December 2017. </li><li>Domino’s Pizza is slated to open up at least 30 additional outlets to add to its 1,127-strong network across 265 cities this year. </li><li>The market for fast-food in India is expected to expand 5.8 percent to $21.2 billion this year.</li></ul>While the world is veering towards healthy foods, Indians have not deterred from their dedication to their Domino’s chicken tikka pizza - a point made amply clear by the fact that parent company Jubilant FoodWorks’ profit more than tripled to 660 million rupees in the quarter ending December 2017. This may be because Indians prefer pizzas to burgers, but the more plausible reason could be that Domino’s is profiting off the bitter legal battle that McDonald’s franchise operator in India is embroiled in. The McDonald’s Downfall Led by <keyword id="193724" type="PERSON" weightage="20" keywordseo="Vikram-Bakshi">Vikram Bakshi</keyword>, Connaught Plaza Restaurants Pvt. Ltd (CPRL), a 50:50 joint venture between him and McDonald's India, runs 169 outlets in North and East India. A nasty legal battle ensued when McDonald's proposed to buy out Vikram Bakshi’s (MD, Connaught Plaza Restaurants Pvt. Ltd.) stake in 2008. They offered him $5 to 7 million but Bakshi wanted $100 million after Grant Thornton valued CPRL at $331million. In August 2013, McDonald’s ousted Bakshi as managing director of CPRL over alleged financial irregularities. Bakshi in-turn filed a complaint with the Company Law Board (now the National Company Law Tribunal or NCLT) in September 2013 claiming that McDonald’s was trying to strong-arm him into selling his share to them at a lower valuation. In July 2014, <a href="https://www.livemint.com/Companies/PJVjPgc9oU6dtUFoNbRfcN/NCLT-reinstates-Vikram-Bakshi-as-MD-of-McDonalds-joint-vent.html">NCLT reinstated Vikram Bakshi as MD</a> of CRPL. In June 2017, <a href="https://qz.com/1058465/want-to-know-why-mcdonalds-may-shut-down-in-half-of-india-ask-its-first-indian-business-partner/">43 outlets of the fast-food chain were closed</a> in the capital following the expiry of its eating house licences. In August 2017, McDonald’s terminated its agreement with CPRL, though the Indian venture has kept running its 169 outlets while the dispute is being examined by the courts. In the middle of all this, <a href="https://timesofindia.indiatimes.com/business/india-business/over-half-of-mcds-outlets-close-down-in-north-east-india/articleshow/62246480.cms">in December 2017</a>, burger-loving Indians woke up to a rude shock when 84 McDonald’s in North and East India were shut down after its supply chain partner Radhakrishna Foodland discontinued supplies due to the alleged non-payment of dues. Most of the outlets subsequently reopened a month later. “Our growth has completely petered off,” Vikram Bakshi told The Economic Times. However, not all is bleak for McDonald’s. <keyword id="6211434" type="COMPANY" weightage="20" keywordseo="Westlife-Development-Ltd-">Westlife Development Ltd.</keyword>, the other McDonald’s franchise partner that runs 271 stores in the Southern and Western parts of India plans to expand to as many as 500 outlets by 2022, according to a company spokeswoman. Domino’s Jubilant Story With all this unfolding, it is but natural that rivals like Domino’s, KFC, Burger King and Subway have been able to make hay while McDonald's sun has dimmed. In 2013, while Bakshi was busy fighting McDonald’s, Domino’s conveniently overtook McDonald’s as India’s largest fast-food brand. According to <a href="https://economictimes.indiatimes.com/industry/cons-products/food/mcdonalds-has-a-legal-problem-in-pizza-loving-india/articleshow/63498024.cms">the Economic Times</a>, shares of India’s Domino’s Pizza operator Jubilant FoodWorks Ltd. have more than doubled in the past year. And this year, it is slated to open up at least 30 additional outlets to add to its 1,127-strong network across 265 cities. According to a transcript of a conference call between analysts and investors and Chief Financial Officer (CFO) of Jubilant FoodWorks, Pratik Pota, the CFO said, “There is significant potential for the pizza business in the country, and we are committed to leveraging that potential.” As a result of India’s growing economy and its youth population, the market for fast-food in India is expected to expand 5.8 percent to $21.2 billion this year -- a 50 percent jump since 2008 -- according to Euromonitor International, a market research firm. Until McDonald’s promoters in India can resolve their dispute, which looks unlikely at the moment, its competitors can continue to forge ahead.

Battle of the fast food brands: How Domino’s is cashing-in on McDonald’s weak position

<ul><li>Goldman Sachs maintained ‘Sell’ rating on <keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword>, which sells Domino’s pizza in India. </li><li>Aggressive growth plan of food delivery aggregators like <keyword id="6358977" type="UNKNOWN" weightage="20" keywordseo="swiggy">Swiggy</keyword> and <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> as a risk for Domino’s sales, according to analysts.</li><li>Swiggy is now delivering in over 200 Indian cities, while Zomato is in more than 300 cities. </li></ul>Indian foodtech giants Swiggy and Zomato both house Domino’s in their list of restaurants to order from, but it seems the aggressive growth plans of the two delivery firms will leave Domino’s hungry for revenue. The share price of Jubilant Foodworks, which sells Domino’s and Dunkin Donuts in India, has plunged over 12% in the last three months. Goldman Sachs maintained ‘Sell’ with a price of ₹1,129 for shares of Domino’s parent company Jubilant FoodWorks. It said, “Dominos will find it challenging to deliver double digit same-store sales growth in FY20/21,” citing risk from aggressive expansion of Swiggy and Zomato in smaller Indian cities. Domino’s has over 1,227 restaurants in over 270 cities. Jubilant Foodworks had reported an operational revenue of ₹35.3 billion in FY19 as compared to ₹29.8 billion in FY18. Meanwhile, ICICI Securities in its report has pointed out that the “aggressive discounting by food aggregators over the past few months continues to impact the dine-in industry and Jubilant Foodworks’ dine-ingrowth in the top-10 cities”. Swiggy is present in over 200 cities while Zomato has gone beyond 300 cities in India. Their deep dive approach into tier-2 and tier-3 cities could result in Indians preferring to order in instead of going to restaurants to eat, something that has helped Domino’s same store sales so far. In the US too, Domino’s saw a similar turn of events, with food delivery aggregators like DoorDash, UberEats, GrubHub with their deep discounts and variety of options, impacted the sales of Domino’s. In <a href="https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/dominos-hurt-as-delivery-firms-offer-more-choice-shares-fall-10-pct/68108049">February 2019</a>, the shares of Domino’s fell by 10% for the same reason. See Also: <a href="https://www.businessinsider.in/dominos-operator-jubilant-foodworks-launches-its-own-budget-chinese-food-chain-called-hongs-kitchen/articleshow/68390170.cms">From Domino’s to Hong’s Kitchen – India's Jubilant Foodworks enters the Chinese fast food segment with its own budget brand</a>

You Searched For "Jubilant Foods" and got 10 results

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From Domino’s to Hong’s Kitchen – India's Jubilant Foodworks enters the Chinese fast food segment with its own budget brand

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