Weekly Picks 7th August 2023

1. Jubilant FoodWorks Ltd

Counter	JUBLFOOD 517.35
Call	Buy on dip
Target 1	545
Target 2	565
Stop Loss	480 or 460
Time Horizon	3-4 weeks
Notes	Buy-on-dip towards 505 & Avg around 490

Jubilant FoodWorks Limited is India’s largest foodservice company and is part of the Jubilant Bhartia Group. Incorporated in 1995, the Company holds the exclusive master franchise rights from Domino’s Pizza Inc. to develop and operate the Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. In India, it has a strong and extensive network of 1,838 Domino’s restaurants across 394 cities.

Previous Close	491.3	TTM EPS	4.1
52 Week High	652.4	TTM PE	126.8
52 Week Low	412.1	P/B	23.7
Sector PE	48.4	Mkt Cap (Rs. Cr.)	34,123

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom Research)

• Last week, the company Jublfood saw a positive change as it broke out from a period of stability. It finished the week at its highest point of the year.
• This break-out was backed by decent volume and resulted in the highest closing point in eight months.
• The counter has been in corrective mode from highs of 916 in Oct-2021 & formed back above 400 levels in Mar-2023.
• The company had been going through a phase of correction since reaching its highest point of 916 in October 2021. But it managed to bounce back and rise above the 400 level by March 2023.
• This week, the counter might experience a new period of growth, with a chance of moving towards the levels of 600-630.
• Looking at the price analysis, if the company’s trading remains above the range of 480-460, the immediate trend is “Range to Up”.

Open Interest Study

• August series OI Chain for Jublfood indicates there is a significant increase in Open Interest (OI) around the 520 strike rate. And the next resistance levels are seen around 550 strike rates
• On the lower end, the maximum build-up of Put options (PE) is happening at the 500 and 450 levels. This indicates that there is substantial support and buying interest for the stock at these levels.

F&O Strategy

Scrip	JUBLFOOD 517.35
Risk	Moderate
Ratio	1:1:1
Bias	Holding above 460 – “Range to up”
Max Reward Expected	₹ 26,250
Max Risk Expected	₹ 11,250

Action	Scrip	Lot Size	IP	LTP
BUY	JUBFOOD FUT	1250	517.6	517.6
BUY	JUBFOOD AUG 520 PE	1250	17.55	17.55
SELL	JUBFOOD AUG 550 PE	1250	6.15	6.15

Invest Now

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2. SBI Cards and Payment Services Ltd

Counter	SBICARD LTP 881.25
Call	Buy on dip
Target 1	950
Target 2	1030
Stop Loss	830
Time Horizon	3-4 weeks
Notes	Buy-On-Dip towards 870 & 850

SBI Card was launched in 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card. The company changed its legal name to SBI Cards and Payments Services Limited in August 2019. In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India.

Previous Close	861.5	TTM EPS	23.5
52 Week High	1028.7	TTM PE	37.5
52 Week Low	655.7	P/B	10.8
Sector PE	25.2	Mkt Cap (Rs. Cr.)	83,412

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom Research)

• In the past three months, SBICARD’s stock has been moving within a certain range, specifically between 820 and 940.
• Last month, the stock formed a “Doji” pattern. This month, the developing pattern suggests “Rang to Up”.
• Based on price analysis, there’s a chance that it might aim for higher levels, like 950 and 1030. To achieve this, it needs to stay above 880.
• If the stock manages to stay above 830 and 800, it suggests that the short-term outlook could continue to be positive.

Open Interest

• As per OI data the counter has maximum CE build-up at 900 Strike while maximum PE build-up is at 800 levels which is also a “Tug-Of-War” level between “Buls & Bears” for short to mid-term time-frame.
• Trading above 800 bias is “Range to UP” with hurdles at 900 & next 1000 levels as per OI.

F&O Strategy

Scrip	SBICARD LTP 881.25
Risk	Moderate
Ratio	1:1:1
Bias	Holding above 830 – “Range to up”
Max Reward Expected	₹ 46,360
Max Risk Expected	₹ 17,640

Action	Scrip	QTY	IP	LTP
BUY	SBICARD AUG FUT	800	885.2	885.2
BUY	SBICARD AUG 880 PE	800	22.15	22.15
SELL	SBICARD AUG 960 CE	800	5.3	5.3

Invest Now

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