Speciality Restaurants gains after announcing opening of new restaurant

Speciality Restaurants rose 2.8% to Rs 89.85 at 15:29 IST on BSE after the company said it has opened a new Zoodles restaurant in Thane, Maharashtra with effect from today, 18 October 2016.

Accordingly, the total number of restaurants and confectionaries of the company are 107 (including 25 franchise restaurants) and 17 respectively. The announcement was made during market hours today, 18 October 2016.

Meanwhile, the S&P BSE Sensex was up 520.91 points or 1.89% at 28,050.88

On BSE, so far 3,104 shares were traded in the counter as against average daily volume of 14,721 shares in the past one quarter. The stock hit a high of Rs 90.30 and a low of Rs 87.05 so far during the day. The stock had hit a 52-week high of Rs 158.40 on 16 October 2015. The stock had hit a 52-week low of Rs 80 on 18 August 2016. The stock had outperformed the market over the past 30 days till 17 October 2016, falling 1.08% compared with 3.74% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 6.12% as against Sensex's 0.93% decline.

The small-cap company has an equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants reported net loss of Rs 5.81 crore in Q1 June 2016 as compared with net profit of Rs 2.27 crore in Q1 June 2015. Net sales fell 1.69% to Rs 77.43 crore in Q1 June 2016 over Q1 June 2015.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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