Devyani International surges 25% in 4 days on robust Q2 results

In Q2FY22, the company posted consolidated profit after tax of Rs 46.6 crore as against a net loss of Rs 65.5 crore in Q2FY21.

Shares of Devyani International hit a new high of Rs 149 after they rallied 8 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes. In the past four trading days, the stock of the quick service restaurant (QSR) company has surged 25 per cent after it reported a consolidated profit after tax (PAT) of Rs 46.6 crore in the September quarter of FY22. It had posted a net loss of Rs 65.5 crore in Q2FY21.

The stock was trading at highest level since its listing on August 16, 2021. With the past four