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A shareholder owning 100 shares of Sapphire Foods as on the record date will get 177 shares of Devyani International after the conclusion of the merger.
As part of the merger, Sapphire Foods will merge into Devyani International through a share-swap mechanism.
In Q2FY26, Pizza Hut's same-store sales growth declined 8% YoY, deepening from a 3% fall in the previous year. Average daily sales per store slipped to Rs 42,000 from Rs 47,000 a year ago, reflecting pressure on footfalls and average order values.
Motilal Oswal is bullish on Sapphire Foods has recommended buy rating on the stock with a target price of Rs 350 in its research report dated October 19, 2025.
Motilal Oswal is bullish on Sapphire Foods has recommended buy rating on the stock with a target price of Rs 400 in its research report dated July 23, 2025.
JM Financial, Motilal Oswal kept 'Buy' call on Sapphire Foods, seeing up to 16% upside potential.
Yum! Brands, the American owner of popular food chains KFC and Pizza Hut, is in talks to facilitate the merger of its two franchisee partners in India, Devyani International and Sapphire Foods, The Economic Times reported.
Emkay Global Financial recommended buy rating on Sapphire Foods with a target price of Rs 370 in its research report dated May 08, 2025.
Motilal Oswal is bullish on Sapphire Foods recommended buy rating on the stock with a target price of Rs 415 in its research report dated February 06, 2025.
The current earnings estimates for Sapphire Foods needs to be reset to a lower level, said Bank of America.
Indian equity indices ended on a flat note in the volatile session on September 24 after Nifty crossing 26,000 for the first time. Here are some of the stocks that moved the most in trade today.
Sapphire Foods shares jumped over 12 percent, reaching a record high, fueled by heavy trading volumes and a significant transaction involving 8.5 lakh shares at Rs 355 per share.
Sapphire Foods is also trading ex stock split. The company had previously announced a one-for-five stock split at its 15th Annual General Meeting (AGM), marking its first ever corporate action, the record date for which was September 5.
Motilal Oswal is bullish on Sapphire Foods has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated July 31, 2024.
