Speciality Restaurants lost 3.1% to Rs 125 at 13:09 IST on BSE, with the stock sliding on profit booking after Thursday's 6.39% gains triggered by the company's announcement that it has incorporated a joint venture company in Doha, Qatar.
Meanwhile, the S&P BSE Sensex was down 135.80 points or 0.64% at 21,129.38.
On BSE, so far 45,000 shares were traded in the counter as against average daily volume of 37,893 shares in the past one quarter.
The stock hit a high of Rs 130.80 and a low of Rs 125 so far during the day. The stock had hit a record low of Rs 101 on 22 November 2013. The stock had hit a 52-week high of Rs 191 on 30 April 2013.
The stock had outperformed the market over the past one month till 16 January 2014, advancing 5.13% compared with the Sensex's 2.93% rise. The scrip had, however, underperformed the market in past one quarter, gaining 2.67% as against Sensex's 3.49% gain.
The small-cap company has equity capital of Rs 46.96 crore. Face value per share is Rs 10.
Also Read
Shares of Speciality Restaurants had risen 6.39% to settle at Rs 129 on Thursday, 16 January 2014 after the company during trading hours on Thursday, 16 January 2014 said it has incorporated a joint venture (JV) company with Al-Mohannadi Group in Doha, Qatar for the purpose of running and operating of restaurants in Doha, Qatar under the brand name of "Mainland China". The Al-Mohannadi Group and the company will hold 51% and 49%, respectively, of the share capital of the JV company. The JV and shareholders' agreement is presently in the process of being finalized, Speciality Restaurants said in a statement.
Speciality Restaurants' net profit fell 21.3% to Rs 4.02 crore on 12.7% growth in net sales to Rs 58.73 crore in Q2 September 2013 over Q2 September 2012.
Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.
Powered by Capital Market - Live News