McDonald's India operator Westlife rises as regulator verifies claim of 'real' cheese use

Westlife Foodworld

05/03/2024 09:22

** Shares of Westlife Foodworld  WEST.NS  rise as much as
4.5%; last up 3.6%
    ** Stock, which was down 1.4%, turned positive after co said
Food Safety and Standards Authority of India (FSSAI) verifies
the cheese used by McDonald’s India as ‘100% Real Cheese’
    ** Adds that independent National Accreditation Board for
Testing and Calibration Laboratories (NABL) accredited labs
confirm 100% real Cheese and no cheese analogues or substitutes
    ** More than 642,500 shares change hands, over four times
the 30-day avg 
    ** Twenty analysts covering the stock on average have a
"buy" rating; median PT is 880 rupees - LSEG data
    ** Stock down 6.6% YTD, after gaining 3.5% in 2023


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))