Mutual Funds increased stake in 84 Nifty 500 stocks in the quarter ended September 2024; here's a technical outlook on select 5 stocks for the likely trend ahead.
Shares of Sapphire Foods surged after 8.05 million shares changed hands via multiple block deals on the counter
The surge in Sapphire Foods share price came after the company announced that it has fixed September 5 as the 'Record Date' for stock-split.
India's quick-service chains have been struggling to attract customers amid persistent inflation, which remained around 5 per cent during the quarter
Stocks to watch on June 04: Sapphire Foods has scheduled a board meeting on June 19 to discuss and approve the stock split of equity shares
On March 7, 2024, HDFC Mutual Fund acquired 1.45 million equity shares, representing 2.28 per cent of Sapphire Foods, via open market
While the company has a franchise for both KFC and Pizza Hut (PH), the street believes that the KFC business will do better than PH business in the near term
Two promoter entities of Sapphire Foods India on Monday pared a 5.9 per cent stake in the restaurant operator for Rs 530 crore through open market transactions. Samara Capital Partners Fund II Ltd and Sapphire Foods Mauritius were the entities that sold the shares of Sapphire Foods India Ltd (SFIL). SFIL is an omnichannel restaurant operator and the largest franchise of Yum Brands such as KFC, Pizza Hut, Taco Bell etc in India and Sri Lanka. According to the bulk deal data available with the BSE, Samara Capital Partners Fund II offloaded 4,49,999 shares and Sapphire Foods Mauritius disposed of 33,37,423 shares, amounting to 0.71 per cent and 5.24 per cent stake, respectively, in Sapphire Foods. The shares were sold at an average price of Rs 1,400 apiece, taking the transaction value to Rs 530.24 crore. After the latest transaction, Samara Capital Partners Fund II exited the firm by selling 4.49 lakh shares, representing a 0.71 per cent stake in SFIL. Also, another promoter entity
Promoter entity of Sapphire Foods India Arinjaya (Mauritius) Ltd on Tuesday pared a 4.2 per cent stake in the restaurant operator for Rs 378 crore through an open market transaction. Sapphire Foods India Ltd (SFIL) is an omnichannel restaurant operator and the largest franchise of Yum Brands such as KFC, Pizza Hut, Taco Bell etc in India and Sri Lanka. According to the bulk deal data available with the BSE, Arinjaya (Mauritius) Ltd offloaded 27 lakh shares, amounting to a 4.2 per cent stake in Sapphire Foods India. The shares were sold at an average price of Rs 1,400.01 apiece, taking the transaction value to Rs 378 crore. After the transaction, Arinjaya (Mauritius) Ltd's shareholding has declined to 3.79 per cent from 7.99 per cent in Sapphire Foods India. Meanwhile, the Singapore government acquired more than 20.19 lakh shares of Sapphire Foods India at the same price. Shares of Sapphire Foods India fell 1.67 per cent to close at Rs 1,422.50 apiece on the BSE. In another bulk
Shares of Sapphire slid as much as 8.8% post-results
India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price
WWD Ruby sold its entire 4.77 per cent stake in restaurant chain operator Sapphire Foods India Ltd for over Rs 417 crore through open market transactions. The shares were lapped up by investors, including Nomura, Societe Generale, and Goldman Sachs (Singapore) Pte. According to bulk deal data with the National Stock Exchange (NSE), WWD Ruby sold a total of 30,30,215 shares, amounting to a 4.77 per cent stake, in the restaurant chain operator. The shares were divested at an average price of Rs 1,377.1 apiece, translating into a transaction size of Rs 417.3 crore, the data showed. In December 2022, WWD Ruby sold 30.45 lakh scrips or a 4.8 per cent stake in Sapphire Foods. Sapphire Foods is an omnichannel restaurant operator and the largest franchisee of Yum! Brands in the Indian subcontinent. Shares of Sapphire Foods were settled 1.37 per cent higher at Rs 1,410.05 on the NSE on Tuesday.
In the past six months, QSR-companies like Devyani International, Jubilant Foodworks, Restaurant Brands Asia, and Sapphire Foods, have tanked up to 26 per cent
CLOSING BELL: The market cap of Adani Group companies fell below Rs 8-trillion-mark in Wednesday's intra-day trade, down from Rs 25 trillion recorded before the release of the Hindenburg report
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today
The firm's IPO had garnered nearly 7x subscription. Sapphire Foods is the largest YUM franchisee operator and runs KFC, Pizza Hut and Taco Bell restaurant chain