Positive on HDFC Bank; prefer Jubilant Food over Mrs Bectors Food, says Complete Circle Consultant

On Mrs Bectors Food, Chadha said, “If you compare Jubilant Food and Westlife Development with Mrs Bectors Food, I think the management and the quality standards cannot be compared apple-to-apple manner. I would still prefer Jubilant FoodWorks on dips. I am seeing a big recovery on a same-store-sales-growth (SSSG) basis. I would stick with Jubilant FoodWorks for now but not at this price.”

Chadha advised keeping Affle India on the watchlist. “This is something which we will fundamentally consider over a long period, keep this in your watchlist. It is a very different model. There is a potential of revenue getting multiplied and probably becoming 3-4x if they get their act together,” he said.

Valuations for RBL Bank are still reasonable, according to Chadha. “State Bank of India (SBI) is a better bet. That is something one can play better and valuations are probably lower than the great financial crisis we saw,” he said.

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