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Published on 30/06/2022 11:29:15 AM | Source: Accord Fintech

Devyani International jumps on opening 1000th outlet in Mumbai

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Devyani International is currently trading at Rs. 154.00, up by 4.05 points or 2.70% from its previous closing of Rs. 149.95 on the BSE.

The scrip opened at Rs. 149.75 and has touched a high and low of Rs. 158.30 and Rs. 149.75 respectively. So far 127271 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 198.85 on 14-Dec-2021 and a 52 week low of Rs. 107.70 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 158.30 and Rs. 148.05 respectively. The current market cap of the company is Rs. 18571.01 crore.

The promoters holding in the company stood at 62.80%, while Institutions and Non-Institutions held 12.65% and 24.55% respectively.

Devyani International (DIL) has opened its 1000th outlet. The company operates restaurants across India, Nigeria and Nepal, and its newest Pizza Hut at Sion, Mumbai, is testament to DIL’s commitment to business growth across geographies. It took 25 years to get to this important landmark, and it is on track to add the next 1,000 by 2026.

Devyani International is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants in India, on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021. In addition, it is a franchisee for the Costa Coffee brand and stores in India.