Jubilant FoodWorks spikes 5% intraday as Domino's and IRCTC expand pizza delivery business

Shares of Jubilant FoodWorks rallied over 5 per cent in trade on Monday after the company informed its popular food chain Domino's Pizza and IRCTC has planned to expand e-catering service footprint across India.    

The stock hit an intraday high of Rs 1257.65, up 5.13 per cent on the Bombay Stock Exchange (BSE) and settled the day 3.13 per cent higher.

"Pizza delivery on trains will be expanded from current 60 stations to over 130 stations," said Jubilant FoodWorks in a filing to BSE.

"As oart of the expansion and to make the delivery process seamless, Domino's pizza will also integrate its ordering modules with IRCTC to achieve order flow automation and to offer greater variety to the passengers of the Indian Railways," added the company.