Speciality Restaurants gains on fund buying

Speciality Restaurants rose 1.19% to Rs 178.50 at 9:54 IST on BSE after L&T Equity Fund bought 11.38 lakh shares of the company at Rs 175 per share in a bulk deal on NSE on Friday, 19 December 2014.

Meanwhile, the S&P BSE Sensex was up 68.61 points or 0.25% at 27,440.45.

On BSE, so far 5,270 shares were traded in the counter as against average daily volume of 3,635 shares in the past two weeks.

The stock hit a high of Rs 181.90 and a low of Rs 178.50 so far during the day. The stock had hit a 52-week high of Rs 214 on 13 November 2014. The stock had hit a 52-week low of Rs 109 on 10 February 2014.

L&T Equity Fund bought 11.38 lakh shares of Speciality Restaurants at Rs 175 per share in a bulk deal on NSE on Friday, 19 December 2014. However, Anjan Chatterjee sold 12 lakh shares at Rs 175.01 per share.

Speciality Restaurants' net profit fell 40.8% to Rs 2.38 crore on 20.7% growth in net sales to Rs 70.88 crore in Q2 September 2014 over Q2 September 2013.

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

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