Devyani International stock up 6%; Rs 871-crore worth of shares sold!
Wed, Feb 21, 2024 9:50 AM

Devyani International stock up 6%; Rs 871-crore worth of shares sold!

A Flip by Avya Verma
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Delhi-based food company Devyani International Limited saw its stock price rise by 6% on February 21 as a significant number of shares were sold in a block deal. The stake was sold at a slight discount from the previous close, and it is speculated that Yum Restaurant India Private Ltd is the likely seller. However, bears should note that the company's quarterly profit fell by 87%.

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