Shares of Jubilant FoodWorks gained 2.8 percent intraday on December 9 after global brokerage house Citi remained bullish on the stock with a target price of Rs 1,655, implying a potential upside of 5.3 percent from current levels.The counter has rallied 34 percent in last three months. It was quoting at Rs 1,612.10, up Rs 40.75, or 2.59 percent on the BSE at 12:06 pm."The strategic tweaks in the last two years and strong execution are positives. The impact of slow macro seems less of a concern and valuations are reasonable at current levels," the brokerage reasoned.Close The company had reported a 2.8 percent year-on-year decline in September quarter consolidated profit due to one-time loss of Rs 12.5 crore, but consolidated revenue grew 12.2 percent to Rs 998 crore. related news 'Bullish sentiments for Nifty, Bank Nifty in medium to long term' Morgan Stanley bullish on ICICI Bank, Grasim among 5 stocks At the operating level, earnings were quite strong, with … [Read more...] about Citi says Jubilant FoodWorks well placed in attractive food services market, sees upside of over 5%
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Baby food isn’t as simple as mashed bananas. advertisement advertisement That’s what private equity firm director Angela Sutherland discovered while pregnant with her first child in 2013. When she wasn’t working 10-hour days, she was researching what a baby should consume during the first 1,000 days. Proper nutrition at the start of a child’s life, she had read, is fundamental to health and development. Sutherland recalls how the baby nutrition category seemed, to her, inefficient and overwhelming. If she tried to learn everything about baby nutrition to feed her child, where would she find the time for all that peeling, cutting, steaming, and puréeing? Her options were either spending hours each week in the kitchen or grabbing a jar off the supermarket shelf that, as she describes, “was sometimes older than my baby.” Or, in some cases, loaded with sugar, additives, and preservatives. Roughly 90% of … [Read more...] about Can Pricey Baby-Food Delivery Startups Crawl Their Way To Mainstream Success?
“I joke that my son is about as old as my tenure here,” says Marissa Mayer, the president and CEO of Yahoo. “He showed up when I was about eight weeks in. And I just have this vision that when he gets older, we’re going to have these conversations where he’s going to be like, ‘Okay, so, Mom, your whole career was about search. Tell me what it was like.’ advertisement advertisement And I’m going to be like, ‘Well, there was this web, and we’d crawl it, and rank it really well, and then phones came along. Smartphones! And we just took what we were doing and shrunk it down.’ And he’s going to be like, ‘Really? That was the plan?’ ” Mayer is perched on a chair in a conference room in Building D at Yahoo’s Sunnyvale, California, headquarters. With her MacBook and iPhone, a small ceramic dish of blueberries, and a bottle of Oi Ocha green tea before her, she’s explaining how … [Read more...] about How Marissa Mayer Mobilized Yahoo