Coffee Day Enterprises hit a 5% upper circuit to Rs 76.40 at 15:26 IST, extending recent gains.
Shares of Coffee Day Enterprises surged 21.36% in four trading sessions to its current market price of Rs 76.40, from a recent closing low of Rs 62.95 on 16 August 2019.The recent rally was triggered by rumors that ITC may purchase stake in Coffee Day Enterprises. However, ITC clarified after the market hours yesterday, 21 August 2019, that on an ongoing basis it receives enquiries from market participants which are suitably evaluated. One such enquiry was also received from an intermediary on Cafe Coffee Day. However, no progress has been made on the matter.
On BSE, 7.3 lakh shares were traded in Coffee Day Enterprises counter, compared to a 2-week average of 5.34 lakh shares. The stock hit an intraday high of Rs 76.40 and an intraday low of Rs 75.
It hit a 52-week high of Rs 325 on 21 September 2018 and a 52-week low of Rs 62.95 on 16 August 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app