Morgan Stanley has maintained its ‘overweight’ rating on Jubilant FoodWorks stock with a target price of ₹781, citing the company’s strategic focus on leveraging technology across its business verticals. Jubilant FoodWorks’ management showcased their approach to capitalizing on technology from sourcing to supply chain, network expansion to store efficiency, and app management to delivery, thereby enhancing the overall consumer experience.
Morgan Stanley particularly noted Jubilant FoodWorks’ pivot to building digital platforms to secure higher growth and maintain a competitive edge in the fast-evolving food service industry. The brokerage remains optimistic about the company’s growth trajectory, driven by its strategic digital initiatives and operational efficiencies.
Yesterday’s stock price performance:
On February 27, Jubilant FoodWorks’ share price closed at ₹670.00, down by ₹10.95 or 1.61%. Despite Morgan Stanley’s positive outlook, the stock witnessed a decline, reflecting cautious investor sentiment in the broader market.
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