Brokerage: JPMorgan
The global research firm said that extensive due diligence & ongoing discussions are reasons for the extension. Further, having a structure that keeps the firm in existing avatar of a separately listed company will be positive. In fact, the originally proposed structure would involve a more diversified business and potential Holdco discount. The swap ratio would be the key, he added.
Jubilant Food
Brokerage: Morgan Stanley | Rating: Upgrade to overweight | Target: Rs 1,780
The brokerage house said that the firm was benefiting from strong demand environment. Their channel checks show favorable demand trend for quick service restaurants. It is projecting 60 percent EPS CAGR for FY17-20.
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