Sapphire Foods India rises to near three-month high after stock split nod

Sapphire Foods India

20/06/2024 06:57

** Shares of Sapphire Foods India  SAPI.NS  rise as much as
7.2% to 1,671 rupees, highest since March 22
    ** SAPI, a franchise of Yum Brands  YUM.N , on Wednesday
approved sub-division of shares in the ratio 1:5
    ** Stock on track for a third consecutive session of gain,
if trend holds 
    ** Stock is witnessing its most active trading session since
March 20 with more than 791,000 shares changing hands, 7x of
30-day avg
    ** Avg rating of 18 analysts close to equivalent of "buy";
median PT is 1,658 rupees - LSEG data
    ** Stock up 12.5% YTD




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))