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Devyani International surges 13% on heavy volumes, stock at all-time high

Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC's strong brand equity and operating metrics

Topics
Buzzing stocks | Devyani International IPO | Motilal Oswal Financial Services

SI Reporter  |  Mumbai 

KFC, KFC China
Foreign firms still don't think there's a level playing field in China. (Photo: Bloomberg)

Shares of Devyani International hit a new high of Rs 181.80, having rallied 13 per cent on the BSE in Wednesday’s intra-day trade on the back of huge volumes. The stock of the quick service restaurant (QSR) firm surpassed its previous high of Rs 171 touched on November 18, 2021.

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First Published: Wed, December 08 2021. 12:25 IST
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