Shares of Devyani Worldwide have been in focus right now after Franklin Templeton Fund purchased about 0.5% stake within the agency by way of a block deal on Tuesday. Franklin’s India Flexi Cap Fund bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at a mean worth of Rs 145 per share.

In early commerce, shares of Devyani Worldwide have been buying and selling marginally larger at Rs 142.85 towards the earlier shut of Rs 142 on BSE. The inventory of Devyani Worldwide has slipped 21.42% this yr and misplaced 15.7% within the final one yr. Whole 0.12 lakh shares of the agency modified fingers amounting to a turnover of Rs 17.53 lakh on BSE right now.

Market cap of the agency stood at Rs 17,122 crore in early commerce right now.

By way of technicals, the relative energy index (RSI) of Devyani Worldwide inventory stands at 24.9, signaling it is buying and selling within the oversold zone. The inventory has a beta of 1.0, indicating common volatility in a yr. Devyani Worldwide inventory is buying and selling decrease than the 5 day, 20 day, 50 day, 100 day and 200 day shifting averages.

Devyani Worldwide inventory has misplaced 7% within the final 11 days. Beneath the block deal, Singapore’s Temasek Holdings offoaded by way of its subsidiary Dunearn Funding Mauritius 2.85% fairness stake or 3.4 crore shares within the firm for Rs 499 crore.

Temasek held 5.88% stake within the firm on the finish of December 2022 quarter.

Devyani Worldwide is among the largest franchisees of Yum manufacturers resembling KFC, Pizza Hut and Taco Bells within the nation. As well as, the corporate is a franchisee for the Costa Espresso model and shops in India.

Devyani Worldwide reported a 7.6% year-on-year (YoY) rise in internet revenue to Rs 71 crore for the quarter ended December 31, 2022 towards a internet revenue of Rs 66 crore within the corresponding quarter of the earlier fiscal.

Working income grew 27% at Rs 790 crore in Q3 towards Rs 624 crore reported in the identical quarter final fiscal. In the meantime, in 9M FY23, income from operations grew 50% YoY to Rs 22,42.7 crore from Rs 1,493.2 crore in 9M FY22.

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