Watch this stock for signals of Indias consumption revival
September 11, 2019 11:22
For equity investors seeking early signs of any revival among India's consumers, here is a stock to watch: the distributor of Domino's Pizza and Dunkin' Donuts in the country.
Jubilant Foodworks Ltd., the nation's biggest fast food stock and a bellwether for discretionary consumption, has seen its shares shed almost a quarter of their value from a record high about a year ago as Indians cut back on spending. But some analysts are seeing light at the end of the tunnel. Read the report here