Can we hold Devyani for long term?

Can we hold Devyani for long term?

According to stock market experts, both stocks are strong from long-term perspective; but rate of return in Devyani International shares will be higher than Zomato shares. They advised fresh investors to buy Devyani International shares at around ₹120 to ₹125 levels for ₹200 target in next 6 to 8 months time-frame.

What is Devyani International share price?

Devyani International share price is ₹147.50 as of 25 Jun ’22.

Is Devyani International Debt Free?

Devyani International Limited, a QSR player which was registered in August 2021 has posted robust Q2 results and also fulfilled one of the objectives of IPO of clearing off the debt. The company has turned profitable in Q2, has become a net-debt-free company, and also have given strong guidance as well.

What does Devyani International do?

ABOUT US. Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of quick service restaurants chain in India and operates 655 stores across 155 cities in India, as of March 31, 2021.

Is Devyani International profitable?

Devyani International advanced 3.34% to Rs 126.80 after the company reported a consolidated net profit of Rs 46.6 crore in Q2 FY22 as against a net loss of Rs 65.5 crore in Q2 FY21.

Is Devyani a good stock to buy?

It maintains Buy rating with a SoTP-based TP of Rs 210 per share (FY24E EV/EBITDA of 45x/35x for KFC/PH on a pre-Ind AS basis). Promoters held 62.8 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.9 per cent, DIIs 5.76 per cent.

What is the market share of Nykaa in India?

Nykaa currently has a 28.6 percent market share in the Indian online beauty and personal care market, as per ICICI Securities estimates.

Why zomato share is falling?

Shares of Zomato Ltd fell for the second straight day on Tuesday, tumbling over 8 per cent amid concerns over the company’s proposed acquisition of Blink Commerce Pvt Ltd (formerly known as Grofers) for Rs 4,447.48 crore.

Is zomato share good for long term?

Although the stock has nosedived, brokerage firm JM Financial remains positive on the long-term growth story of Zomato. JM Financial has reiterated a buy call on Zomato stock with a target price of Rs 140 per share.

Is zomato debt free?

The company has shown a good revenue growth of 66.54% for the Past 3 years. Company is virtually debt free.

Who is the owner of Devyani International?

Is Devyani International Indian company?

History. Devyani International Limited was incorporated in the year 1991, it’s situated in New Delhi, India. The company’s key people are Virag Joshi, Rajat Luthra, Amitabh Negi, Ravi Kant Jaipuria. Devyani International commenced in the quick-service restaurant business in India with franchise KFC, pizza hut, etc.

What is the business of Devyani?

Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo. The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee.

Is devyani ipo good quora?

Yes. Devyani international IPO is good for investment.

Is Devyani IPO profitable?

Since Devyani International doesn’t have profitability we assume sales multiple to compare with peers. Firstly, Devyani International requires higher investment in stores of Pizza Hut, KFC as their business model includes in-store dining predominantly.

Is Devyani International in loss?

Devyani International I Loss-making operator of KFC, Pizza Hut hopes to become profitable this fiscal | Business News.

Is Devyani overvalued?

Is Devyani International Ltd undervalued or overvalued? The key valuation ratios of Devyani International Ltd’s currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.