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Jubilant FoodWorks shares saw a significant jump on Friday. The Domino's pizza owner announced strong September quarter earnings. Profit after tax recorded a 190 percent year-on-year increase. Revenue from operations also showed a healthy uptick. The company added 93 stores to its network in the quarter. India business continues to expand and innovate.
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The Indian IPO market is seeing a shift as investor sentiment recalibrates. Hypervaluation concerns are rising for companies lacking proven profitability. Experts highlight strong structural investment themes in sectors like automotive and healthcare. Investors are advised to focus on companies with strong pedigrees and sound business models. Gold is recommended for allocation as a secure asset.
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Global markets show surprising resilience, with the US remaining strong and Europe adopting a more pragmatic approach. Ajay Srivastava advises Indian investors to look beyond domestic valuations, suggesting the US as the prime destination for AI investments. He warns of a potential valuation correction in India if short-selling is introduced, urging investors to be selective and encash exuberance.
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