The two stocks recommended by SMC Global Securities’ Research Team this week are Jubilant FoodWorks and G R Infraprojects. These two stocks have shown great potential with positive financial estimates for the next two financial years. So, let’s go through the details of the two stock recommendations for the period between January 20, 2025 and January 24, 2025.
Jubilant FoodWorks Limited
Jubilant FoodWorks share price is ₹692.30 (as on January 17, 2025) and its target price is set at ₹818 with an upside potential of 18%.

Jubilant FoodWorks Limited: Investment Rationale
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- Jubilant FoodWorks Limited ranks among the leading emerging markets’ food service companies. Its Group network comprises 3,260 stores across six markets – India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia.
- The group has a strong Portfolio of Brands in emerging markets with franchise rights for three global brands – Domino’s, Popeyes, and Dunkin’ – and two own-brands, Hong’s Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand – COFFY in Turkey.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
- During Q3 FY2025, the company reported revenue growth of 56.2% YoY to ₹2,153.2 crores. During the quarter net store addition was 130 stores. In Domino’s, it added 85 stores with 60 stores in India taking the total store to 2139 stores and 25 in Turkey taking the total store to 738 stores.
- Its strategy of doubling down on Domino’s is working. It has increased investment in brand building, stepped up the pace of product innovation (e.g., volcano pizza, Cheesiken), reduced span of control by adding 3 regions, increased the density of stores to enable 20-minute delivery and relentless investments in customer-facing technology.
- It has inked an MoU with Coca-Cola India under the terms of the agreement; Jubilant FoodWorks will acquire a portfolio of sparkling beverage products and select other items from the Coca-Cola Company’s authorized bottlers.
- The company will conduct marketing activities for the specified products as outlined in the agreement. A master agreement will be executed between the parties, starting from April 1, 2025, based on the principal terms of the MoU, with additional terms aligned to the size and scale of such arrangements.
- In Q2 FY2025, Domino’s India scaled new records with the highest orders, highest app traffic, highest conversion, and highest volumetric throughput per store. At channel level, Delivery grew by 15.9% led by record order growth of 32.3%. This is the highest delivery volume per store.
- It has 36,400 riders on its platform. App traffic grew by 18.5% YoY, to 12.8 million MAU and material improvement in app conversion; with 27.8 million loyal members.
- In Turkey, its business is continuing to grow with margin improvement and store expansion, all while navigating macroeconomic headwinds
The promoter’s shareholding is highest in Jubilant FoodWorks at 41.94%.
Jubilant FoodWorks Limited: Valuation
With increased investment in brand building, rapid product innovation, expanded regional structure, and denser store networks enabling 20-minute delivery, the company expects remarkable volumetric growth momentum.
Domino’s India achieved its highest orders, app traffic, conversion rates, and store throughput in recent quarters, underscoring the impact of its approach. Thus, it is expected that the stock may see a price target of ₹818 in 8 to 10 months’ time frame on current P/BV of 20.91x and FY26 BVPS of ₹39.11.
Jubilant FoodWorks Limited: Risk
- Economic Slowdown
- Regulatory risk
G R Infraprojects Limited
G R Infraprojects share price is ₹1327.10 (as on January 17, 2025) and its target price is set at ₹1,722 with an upside potential of 30%.

G R Infraprojects Limited: Investment Rationale
- G R Infraprojects Limited has principal business of civil construction includes EPC (Engineering Procurement and Construction), BOT (Build Operate Transfer), and HAM projects in the road sector and EPC projects in railway, metro, airport runways and OFC (Optical Fiber Cable) projects. Over a span of the last 15 years, it has executed more than 100 projects across 16 states.
- As on Sep 30, 2024, the company has a decent mix of 28 BOT projects of which 6 are operational, 17 are under construction and 5 projects are awaiting appointed dates.
- Recently, it has entered into power transmission, hydro-tunneling, multimodal logistic park and roadway projects. It continues to tap into different opportunities emanating from the aggressive infra-growth plan of the government.
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- On the order book front, as on Sep 30, 2024, the value of the order book stood at ₹20,680 crores out of which ₹13,303 crores is an executable order book. The company has also submitted 19 highway and railway projects amounting to ₹13,900 crores expected to be awarded soon. Moreover, anticipate an order inflow of ₹15,000 crores in the second half of FY’25, with a mix of road and non-road projects.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
- The company is targeting order pipelines worth ₹2,50,000 crores in various sectors like highways, road tunnels, metro, power and transmission, railways and roadways, etc. It is confident of adding a decent share to its order book in FY25 to take the company back to double-digit growth in FY26.
- GR Logistics Park, Indore Private Limited, a subsidiary of the company, and PSA Amaya, a subsidiary of PSA India have formalized an agreement to establish an inland container depot at the multi-modal logistics park in Indore.
- The management of the company maintains its margin guidance for the remaining year i.e. 12% to 13%; and aims to return to 14% to 15% margins in FY26. Furthermore, on the capex front, the company is planning to infuse approximately ₹1,600 crores of equity contribution over the next few years for ongoing projects.
In the overall shareholding of G R Infraprojects, promoters have the highest shareholding of 74.70%.
G R Infraprojects Limited: Valuation
The company is strategically positioned to capitalize on the ongoing infrastructure boom in India. With a solid order book, proven execution capabilities, and the ability to leverage government initiatives and industry dynamics, the company has the potential to strengthen its market position and deliver sustained growth.
Recently, the company has entered into new business, which would drive future growth. Thus, it is expected that the stock will see a price target of ₹1,722 in 8 to 10 months’ time frame on a 2 years average P/BVx of 1.91x and FY26 BVPS of ₹901.65.
G R Infraprojects Limited: Risk
- Economic Slowdown
- High Commodity Prices
Conclusion
These two stocks, one from the food service sector and the other from the infrastructure sector can reach their target price in the coming 8 to 10 months. But it is always better if you do your analysis before investing and set a stop loss target. To keep track of your invested stocks, open demat account with SMC Global Securities and invest on the go.
Reference:
https://www.smctradeonline.com/research/wise-money/241
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account