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Coffee Day Enterprises gains on signing pact with Uber Eats

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rose 2.39% to Rs 270.35 at 11:16 IST on after the company said it signed an agreement with for distribution of for five years.

The announcement was made after market hours yesterday, 11 July 2018.

Meanwhile, the Sensex was up 322.59 points, or 0.89% to 36,588.52.

On the BSE, 6948 shares were traded in the counter so far compared with average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 271.90 and a low of Rs 267.15 so far during the day.

The stock hit a record high of Rs 374.60 on 22 January 2018. The stock hit a 52-week low of Rs 204.65 on 25 September 2017.

announced that its material subsidiary, (CDGL), has entered in to an agreement with Portier.B.V wherein CDGL is partnering with for obtaining through the 'UberEats' mobile application in order to enable distribution of This may help to augment the Tenure for the contract shall be for a period of 5 years.

On a consolidated basis, Coffee Day Enterprises' net profit rose 36.36% to Rs 34.50 crore on 26.47% increase in net sales to Rs 1130.30 crore in Q4 March 2018 over Q4 March 2017.

is the parent company of the which houses the coffee selling restaurants CafCoffee Day.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 11:23 IST