Jubilant Foodworks (JUBI IN) India

Consumer Discretionary

ChartWizard

JUBI declined from 640 to lows near 420-425, then consolidated and defended this low for three months. The stock price eventually rose, crossing the 50-DMA and facing resistance at the 200-DMA. The MACD's positive crossover and RSI's new 14-period high and breaking out from a pattern ahead of the price signal a bullish trend. The stock broke out from a falling trend line resistance and positioned itself in the leading quadrant in the RRG quadrant, implying potential outperformance against NIFTY 500. If the breakout continues, the stock may reach 530 soon. Traders should use a stop-loss at Rs. 468 for this trade.

- 04 August, 2023

Fund Positioning Analysis: EM Restaurants

Consumer Discretionary

Copley Fund Research

EM fund exposure in the Restaurants industry group is soaring to new heights - a record 51.1% of the active EM funds in Steven Holden’s analysis now have exposure with the largest increases in weight dominated by Growth and Aggressive Growth investors. Ownership increases were seen in Yum China Holdings, Americana Restaurants and Jollibee Foods over the last 6 months, whilst net positioning fell in Jiumaajiu International and Jubilant Foodworks. Invesco EM All Cap and First Sentier Global EM are allocating over 10% to the sector with a further 7 funds allocating more than 5%.

- 03 March, 2023