Devyani International share price jumps 6%; Kotak expects 22% upside in KFC operator stock— key reasons why | Stock Market News
Devyani International share price jumped almost 6 per cent in intraday trade on the BSE on Tuesday, April 15, looking set to end higher for the fourth consecutive session. Devyani International shares opened at ₹157.20 against its previous close of ₹155.75 and jumped 6 per cent to ₹164.80 during the session. Around 12:25 PM, the stock traded 5.30 per cent higher at ₹164.
Devyani International is one of India’s largest operators of chain quick-service restaurants (QSRs). The company claims it has an extensive network of over 2,000 restaurants as of December 31, 2024, across India, Thailand, Nepal and Nigeria.
Devyani International is also the largest franchisee for Yum Brands (KFC and Pizza Hut) in India. It also operates Costa Coffee and has its in-house brand, Vaango, which focuses on South Indian vegetarian cuisine.
Devyani International share price trend
On a monthly scale, the stock has suffered losses in the last three months. Even at today’s high of ₹164.80, the stock is down about 10 per cent year-to-date.
The QSR stock recently touched its 52-week low of ₹130.05 on April 7 this year. It hit a 52-week high of ₹222.75 on September 23 last year.
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