1 / 8 Brokerage firm Motilal Oswal has highlighted seven consumption stocks, from Page Industries to Lemon Tree Hotels as their top picks among small and midcap names within the sector. It said in its note on Tuesday, March 25, that the sharp correction in valuations offers an attractive entry point for these stocks. The […]
Macquarie expects this stock to double in the next three years; do you own? – CNBC TV18
Brokerage firm Macquarie has projected a nearly 54% upside on Devyani International shares from their previous closing price on Tuesday, March 18. It expects the stock to double in value by financial year 2028. Currently, the brokerage has an “outperform” rating on stock with a price target of ₹230 per share. The stock closed at […]
Why Goldman Sachs is positive on India’s QSR sector and prefers Sapphire and Devyani – CNBC TV18
India’s quick-service restaurant (QSR) sector is seeing a notable recovery, with Goldman Sachs highlighting a positive turnaround in performance. For the first time in years, QSRs have gained market share in the food delivery segment, with sales growth surpassing the overall growth of aggregators like Zomato, which has reported its slowest gross order value growth […]
Devyani International results: Revenue rises 49% in Q2, signs three new franchise agreements – CNBC TV18
Quick Service Restaurant (QSR) operator Devyani International reported financial results for the second quarter and half-year ending September 30, 2024. Consolidated revenue for the second quarter of FY25 rose by 49% to ₹1,220 crore, while revenue for the first half of the fiscal increased by 47%, reaching ₹2,440 crore. Devyani International, which is […]