India KFC-operator Devyani at 1-month high on Kotak upgrade to 'buy'

Devyani International

15/04/2025 07:34

** India's Devyani International DEVY.NS jumps over 5% to one-month high of 164.3 rupees; set for fourth consecutive session of gains

** Kotak Institutional Equities upgrades KFC and Pizza Hut outlets operator to "buy" from 'add", raises PT to 190 rupees from 175 rupees

** Cites 20% stock correction in three months, expectations of better growth in FY26, portfolio augmentation as key triggers

** Says short-term headwinds aside, KF India's fundamentals are intact

** Analysts on avg rate DEVY "buy", median PT is 195 rupees, as per LSEG data

** YTD, DEVY still down 10%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com ;))