Jubilant Foodworks shares dropped significantly after its fourth-quarter results. The Domino’s India operator reported a profit rise but faced headwinds. Brokerages have reduced their target prices for the stock. Concerns include rising costs and slower growth. The company mentioned temporary LPG supply issues impacting operations. Analysts expect near-term pressure on the stock.
Paytm block deal: SAIF Partners, others likely to sell stake
Paytm’s existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set