Buy Devyani International: IIFL Securities's Target Price Rs 176

IIFL Securities has issued a buy call on Devyani International, the largest franchisee of Yum! Brands in India, with a target price of Rs 176. The current market price of the stock is Rs 170.25. The brokerage firm believes that the company's strong brand portfolio, expansion plans, and improving financials make it an attractive investment opportunity. Devyani International operates over 1,200 restaurants across 25 states and union territories in India and has exclusive rights to operate KFC, Pizza Hut, and Costa Coffee outlets in the country.

About Devyani International:

Devyani International Limited is a food and beverage company that operates a chain of quick-service restaurants in India. It is the largest franchisee of Yum! Brands in India, operating over 1,200 stores of KFC, Pizza Hut, and Taco Bell. The company also has its own brands, including Vaango Indian Bistro, Food Street, and Creme Castle. Devyani International is listed on the National Stock Exchange of India and has a market capitalization of approximately $2.5 billion.

52 Week Price Trend:

Devyani International Limited, the largest franchisee of Yum! Brands in India, currently trades at Rs 170.25 on the National Stock Exchange (NSE). The stock has been range-bound in recent months, hovering between its 52-week high of Rs 227.75 and its 52-week low of Rs 133.95. Despite facing headwinds from the pandemic, the company's strong fundamentals and growth prospects continue to attract investors. Analysts remain optimistic about Devyani's long-term potential, citing its dominant position in the Indian fast-food market and its plans for store expansion.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, DEVYANI has a BB- rating, indicating medium fundamental risks. The MOST framework assesses stocks based on Management, Outlook, Safety, and Trend. DEVYANI's relatively lower rating suggests potential weaknesses in one or more of these areas, such as management efficiency, future prospects, financial stability, or market trend alignment. This rating implies that investors should proceed with caution and thoroughly analyze DEVYANI's fundamentals before making investment decisions.

Fundamental and Technical information provided in this blog were last updated on 06 Jun, 2024

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