EUR 120.00 For Business Accounts Only

MOSL: Morning India (8/December/21): 1. Food Service Industry – Thematic (Bon Appétit; Strong tailwinds for organized FSI players); 2. India Strategy (The Eagle Eye); 3. Blue Dart Express; 4. India Life Insuran

MOrning India (8/December/21): 1. Food Service Industry – Thematic (Bon Appétit; Strong tailwinds for organized FSI players); 2. India Strategy (The Eagle Eye); 3. Blue Dart Express; 4. India Life Insurance; 5. Healthcare

 

Today’s top research theme

Food Service Industry – Thematic: Bon Appétit; Strong tailwinds for organized FSI players

• The organized players in Indian Food Service Industry are witnessing enhanced growth prospects post-COVID led by multiple tailwinds.
• We maintain Buy rating on JUBI on account of its delivery, technology and value moats. While WLDL's longer term opportunity remains exciting, concerns on increasing competitive intensity and scheduled rise in royalty rates lead us to maintain Neutral rating on it.
• We initiate coverage on DEVYANI with a Buy rating driven by: a) KFC's strong brand equity and operating metrics, b) increasing focus on delivery by Pizza Hut driving its turnaround, and c) robust growth in both these brands led by rapid network expansion.
• We are excited by BARBEQUE's unique offerings, robust operating metrics, and its success in delivery. However, fair valuations lead us to initiate coverage on the stock with a Neutral rating.

Piping hot news

MSME loans: Restructured accounts by PSBs jump 58% in nearly two years of Covid

• MSME loan accounts restructured by public sector banks (PSBs) have jumped 58 per cent in nearly two years of the pandemic, according to the government data.