jay Kaul seems to be on a stake-selling spree in Jubilant Foodworks, which owns the India franchise for Dominos International. The chief executive officer sold 1 lakh shares in tranches of 50,000 shares each recently in the open market. This follows a similar open market sale of 7,500 shares in February and 10,000 shares in April. Kaul’s latest market sale came at an average price of Rs 1,279.60 a share. Analysts of most broking houses have a ‘Buy’ or ‘Accumulate’ rating on the stock. Here’s why. The company seems well on track for achieving its target of 10 Dunkin Donut stores by the end of FY13. It has already rolled out three stores. It also rolled out 24 Dominos Pizza stores in Q1FY13 and has expanded its product offerings significantly. Net profit for the quarter grew by a whopping 39% to Rs 32.3 crore. Same-store sales, too, grew at a healthy clip of 22.3% during the period. Perhaps the only negative in the stock seems to be its expensive valuation: 50 times estimated FY13 earnings. It looks like Kaul is making the most of the meteoric rise in the stock, which is already up 75% to Rs 1,316 for the year.