Speciality Restaurants rose 1.8% to Rs 115.70 at 12:10 IST on BSE after the company announced opening of a new progressive oriental house restaurant at Mumbai.
The announcement was made on Saturday, 22 July 2017.Meanwhile, the S&P BSE Sensex was up 191.35 points or 0.6% at 32,220.24. The S&P BSE Small-Cap index advanced 102.14 points or 0.64% at 16,094.77.
On the BSE, 1,801 shares were traded on the counter so far as against the average daily volumes of 42,922 shares in the past one quarter. The stock had hit a high of Rs 116.25 and a low of Rs 111.05 so far during the day. The stock had hit a 52-week high of Rs 124.65 on 7 July 2017 and a record low of Rs 59.50 on 15 March 2017.
The stock had outperformed the market over the past one month till 21 July 2017, gaining 35.3% compared with 2.38% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.42% as against Sensex's 9.07% rise. The scrip had also outperformed the market in past one year, gaining 21.36% as against Sensex's 15.58% rise.
The small-cap company has equity capital of Rs 46.96 crore. Face value per share is Rs 10.
Speciality Restaurants said that as continuation of determination to dominate in Chinese and Pan Asian Market in India, the company has given birth to a new boutique oriental restaurant called POH (Progressive Oriental House).
The restaurant at Kamala Mills, Mumbai is targeted towards cre de la cre and high networth individuals (HNIs), who are looking for newer flavours and experience.
Speciality Restaurants reported net loss of Rs 9.71 crore in Q4 March 2017, higher than net loss of Rs 4.03 crore in Q4 March 2016. Net sales declined 8% to Rs 69.49 crore in Q4 March 2017 over Q4 March 2016.
Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.
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