Speciality Restaurants gained 3.33% to Rs 116.30 at 10:25 IST on BSE after the company announced that it has opened a new Sweet Bengal confectionery at Bandra West, Mumbai.
The announcement was made after market hours on Monday, 14 August 2017.Meanwhile, the S&P BSE Sensex was up 37.14 points or 0.12% at 31,486.17. The S&P BSE Small-Cap index advanced 82.39 points or 0.53% at 15,491.59.
On the BSE, 1,363 shares were traded on the counter so far as against the average daily volumes of 40,835 shares in the past one quarter. The stock had hit a high of Rs 116.30 and a low of Rs 114.40 so far during the day. The stock had hit a 52-week high of Rs 128 on 9 August 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 14 August 2017, falling 1.53% compared with the Sensex's 1.79% decline. The stock had also outperformed the market over the past one quarter, gaining 29.52% as against the Sensex's 4.18% rise. The scrip had also outperformed the market over the past one year, gaining 30.27% as against the Sensex's 11.71% rise.
The small-cap company has equity capital of Rs 46.96 crore. Face value per share is Rs 10.
Speciality Restaurants announced that the company has opened a new 'Sweet Bengal' confectionery located at Shop No. 3, Chapel Avenue Premises Co-op. Society Ltd., Plot No. 68, Chapel Road, Opp. Mount Carnel's Church, Bandra West, Mumbai with effect from 14 August 2017.
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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