Globally, Indian equities lagged their East Asian peers, with the South Korean and Taiwanese markets outperforming sharply, posting weekly gains of about 4% and 3%, respectively. The divergence was driven largely by valuation-led sector rotation and strong rallies in technology and semiconductor stocks in those markets, where India has limited representation, said Robin Arya, founder…
Devyani International Share Price : Strong action is being seen in the shares of Devyani International on Friday, January 2. Sapphire Foods merger Since the announcement, investors are betting heavily on this stock. Shares of Devyani International opened at Rs 155 with a rise of 5.12 per cent against the previous closing price of Rs…
Two franchise operators, Devyani International and Sapphire Foods, have announced a merger in a share-swap deal, creating one of the largest and most diversified quick service restaurant (QSR) platforms in India. In an exchange filing on Thursday evening, the Board of Directors of Devyani International and Sapphire Foods India, at their respective meetings, approved a…
Devyani International’s share price gained as much as 8% on Friday, January 2, while Sapphire Foods’ stock cracked by nearly 6%, following the long-awaited announcement of the merger of Yum Brands’ India franchises. Devyani International shares touched an intraday high of 157.37. Meanwhile, Sapphire Foods shares hit an intraday low of 252.90 apiece in trade…
