Speciality Restaurants fell 1.13% to Rs 140 at 12:36 IST on BSE after the company announced closure of a Mainland China restaurant in Hinjewadi, Pune.
The announcement was made during market hours today, 5 January 2016.Meanwhile, the S&P BSE Sensex was down 30.78 points or 0.12% at 25,592.16
On BSE, so far 1,119 shares were traded in the counter as against average daily volume of 4,878 shares in the past one quarter. The stock hit a high of Rs 141.90 and a low of Rs 140 so far during the day. The stock had hit a 52-week high of Rs 218.80 on 15 April 2015. The stock had hit a 52-week low of Rs 114 on 10 November 2015. The stock had outperformed the market over the past one month till 4 January 2016, rising 14.75% compared with 0.06% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 9.64% as against Sensex's 2.28% fall.
The small-cap company has an equity capital of Rs 46.96 crore. Face value per share is Rs 10.
Speciality Restaurants said that the company has closed Mainland China restaurant located at Hinjewadi, Pune with effect from yesterday, 4 January 2016. Accordingly, as of the date, the total number of restaurants and confectionaries of the company are 102 (including 23 franchise restaurants) and 19 respectively, Speciality Restaurants said.
Speciality Restaurants' net profit fell 57.1% to Rs 1.02 crore on 10.7% growth in net sales to Rs 78.44 crore in Q2 September 2015 over Q2 September 2014.
Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.
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