With expectation of urban demand recovery, analysts at Motilal Oswal Financial Services said they need to see if January trends for QSR companies are sustaining.
Devyani International reported a net loss of ₹10.3 crore for the quarter, compared to a loss of ₹0.5 crore in the same period last year
However, in the past one month, the stock had underperformed the market by falling 22 per cent till Tuesday, February 3, 2026 and touched a 52-week low of ₹109.80 on January 27, 2026.
Meanwhile, shares of the food delivery platform companies Swiggy and Eternal (formerly Zomato) were down 3 per cent and 2 per cent, respectively on Thursday.
Stocks to Watch today, January 9, 2026: Eternal, Tata Motors CV, Bajaj Finserv are among key stocks that will be on investors' radar today
The merged entity will have more than 3,000 stores globally and a turnover of approximately Rs 8,000 crore on an annualised basis
Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics
SRF, Devyani, Sumitomo have witnessed the formation of 'Death Cross', while Sona Coms and PI Industries saw a negative crossover on the MACD indicator, show the stocks daily chart.
Devyani International shares fell 3 per cent after the company reported muted second-quarter earnings for the second quarter
Affle 3i, Raymond Lifestyle and Devyani International are the top technical picks for Kunal Kamble of Bonanza Portfolio
Jubilant FoodWorks' stock rose 4.6 per cent, while Devyani International and Sapphire Foods India rose 4.2 per cent and 7.6 per cent, respectively
GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most