Buying and selling activities of FIIs often have a substantial impact on stock prices. These four stocks have seen FII selling for four consecutive quarters.
Stocks in focus today: Markets seem to be running out of steam as the Q4 results are soon coming to an end. SBI, Jubilant FoodWorks, Suzlon, Devyani International among stocks to watch on Wednesday, May 18, 2023.
Jubilant FoodWorks looks fairly valued at 24.8 times FY24 EV/Ebitda, even as the stock has moved up 12 per cent in the past three months in anticipation of better growth despite increased competition, a brokerage said
In the June 2022 quarter, almost every QSR company has posted good growth and also laid out plans to open up new stores. We believe this sector could boom in the next 3 years.