Page 2 - Sapphire Foods

WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr

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.

Analysts recommend to selectively buy-the-dip in QSR stocks; here's why

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

Sensex crashes 928 pts, ends below 60K; Nifty near 17,550 amid global rout

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, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc

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

Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands

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.

Despite biting inflation, analysts bullish on retail stocks for long haul

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

Analysts take a bite of premium QSR stocks as restaurants hike prices

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

50% of November IPOs fall below their issue prices amid market crash

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

Sapphire Foods sees muted debut, ends day with 3% gains over issue price

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

Sensex ends 372 pts lower; Paytm down 27%; Sapphire gains 4%, Escorts 10%

The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each

Post Sapphire's debut, chart check on Burger King, Barbeque, Zomato stocks

Food and food-related players are expected to jump up to 15 per cent in coming days

Sapphire Foods makes good debut; gains 17% against issue price post listing

The stock listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange