India's Devyani International gains on block deals at a premium

Devyani International

23/08/2024 07:42

** Shares of Devyani International  DEVY.NS  rise ~2.1% to
185.20 rupees
    ** 4.59 million shares of the quick-service restaurants
chain operator traded in block deals at a premium of 1.27%-3%
over last close - LSEG data
    ** Stock up ~9% this week after losing 4.28% in last two
weeks
    ** Over 11 mln shares traded in stock's busiest session
since Aug. 5
    ** Avg rating of 19 analysts is "buy"; median TP is 187.50
rupees - LSEG data
    ** Stock down 4.4% YTD, underperforming Nifty 500 index
 .NIFTY500 , which is up 21% in the same period

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))