The share price of Jubilant Foodworks, which holds the master franchise for Domino's Pizza in India, surged nearly 3 percent on Tuesday. While it pared some gains, the stock was still trading higher by 1.45 percent at Rs 1,914 per share on the NSE, at 12:42 pm.

Jubilant Foodworks has risen 13 percent in August and it is up 80 percent from its March low. The stock is just 2 percent away from its record high. CNBC-TV18’s Mangalam Maloo explains why the stock is gaining