The Next Multibagger Stock Could Come From This Sector
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.
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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.
Data available with Ace Equity showed that as many as 17 stocks in the BSE 500 index have rallied over 50 times in the past 10 years despite volatility in the form of volatile crude oil prices, demonetisation, implementation of GST, RERA and eruption of Covid-19 pandemic, among others.
Westlife Development (WDL) owns and operates the chain of McDonald’s restaurants in west and south India through its wholly-owned subsidiary Hardcastle Restaurants
The American fast-food major will now focus on markets like West Bengal, UP, and Rajasthan, after streamlining operations in Delhi-NCR and Punjab.
In a recent industry-wide survey, Elara Capital said it expects Q1FY23 to be a subdued quarter in terms of profitability for WLDL (Westlife Development), which owns McDonalds, and JUBI (Jubilant FoodWorks), which is the owner of Domino’s, due to inflationary headwinds.