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Tuesday, 20 November 2012

Goldman Sachs recommend buy on Jubilant Foodworks

Goldman Sachs recommended a buy rating on Jubilant Foodworks with a target price of Rs 1,704.The research firm feels

multiple store launch announcements, news on corporate tie-ups & pacts with developers and managing large business
parks are the key catalysts for the stock. The company reported a 36 percent rise year-on-year in its net profit to Rs 32.3
crore for the quarter ended September 30, 2012 on the back of robust sales.

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