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Jubilant drops; JPMorgan warns about valuations

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Inside an IKEA store in Stockholm, Sweden
Inside an IKEA store in Stockholm, Sweden
Shares in the exclusive franchiser for Domino's Pizza and Dunkin Donuts in India, Jubilant Foodworks fell 7.1 per cent to Rs 1,145.55, after JPMorgan initiated coverage on the stock as "underweight" with a March 2013 target price of Rs 995.
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