Jubilant FoodWorks stock steadies after a 38% dip following CEO’s exit: you can buy it here

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The Jubilant FoodWorks stock took a hit after the CEO Pratik Pota but it seems to have stabilized after registering a 0.04% raise at the opening of the market today.

Pota has been credited with improving the performance of Jubilant FoodWorks greatly after he took office in 2017 and his resignation sent shockwaves across the entire stock market causing several brokerage firms to rerate the Jubilant FoodWorks stock.

Morgan Stanley, for instance, downgraded the stock from an “overweight stock” to an “underweight stock”

To help stock investors interested in investing in the Jubilant FoodWorks, Invezz has created a brief article on what it is and where to buy its stock.

To find out more, please continue reading.

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What is Jubilant FoodWorks stock?

Jubilant FoodWorks stock is the stock of Jubilant FoodWorks Ltd and it trades on the National Stock Exchange of India Limited (NSE) under the ticker NSE: JUBLFOOD.

Jubilant FoodWorks Limited is an Indian food service company. It is headquartered in Noida, Uttar Pradesh.

It is the parent company of the master franchise Domino’s Pizza that operates in India, Nepal, Sri Lanka, and Bangladesh, Popeyes which operates in India, Bangladesh, Nepal, and Bhutan, and Dunkin’ Donuts which operates in India.

Should I buy JUBLFOOD stock today?

If you want to invest in an Indian food company, then the JUBLFOOD stock could be a good choice.

Nevertheless, Pota’s resignation is surely going to have a negative effect on the company and it will require to fill the CEO’s position very fast and with a visionary leader for it to regain its glory.

JUBLFOOD stock price prediction

Analysts and investors are bullish on the JUBLFOOD stock despite the recent drop that resulted from the exit of the CEO. The majority foresee the stock getting back above 2,800 INR by the end of March especially if it will have gotten another CEO.

$JUBLFOOD stock social media coverage

Jubilant Foodworks already corrected by 45% and usual suspects are downgrading the stock and slashing the targets now. If anything Jubilant Foodworks is likely to grind from here, make a base and heal the price action damage to rally further.

Do you like any QSR? Or Pizza? pic.twitter.com/z016zlAZyb

— Bhartiy Niveshak || Upgrade Your Life || (@BhartiyNiveshak) March 14, 2022

The resignation of the CEO could have an adverse short-term impact on the stock, considering the phenomenal efforts during his tenure. #JubilantFoodworks https://t.co/q7yO3VpXc4

— Financial Express (@FinancialXpress) March 15, 2022

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