Devyani International shares surged after Jefferies upgraded its rating to ‘Buy’, citing a 17% correction and a target price implying 25% upside. The company announced Manish Dawar’s promotion to CEO, ensuring leadership continuity. Despite mixed Q3 results, with KFC India improving sequentially and Pizza Hut India declining, the company added 95 net new stores.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets