Westlife Development nears record high; stock surges 9%

In past 10 trading sessions, the stock outpaced the market by surging 29 per cent, as compared to 5 per cent gain in the S&P BSE Sensex.

Shares of Westlife Development have rallied 9 per cent to Rs 444 in intra-day trade on the BSE in otherwise range-bound market on Thursday. The stock is trading close to its record high price of Rs 464, touched on May 8, 2018 in intra-day trade.

In the past 10 trading sessions, the stock outpaced the market by surging 29 per cent, as compared to 5 per cent gain in the S&P BSE Sensex. 

The firm -- master franchisee of McDonald's restaurants -- focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants.

During