Over 15 Funds have bought shares in this company – Do you own it?

Over 15 Funds have bought shares in this company – Do you own it?

Rakesh Deshmukh
/ Categories: Trending, Mindshare

The company operates as a franchisee for the Costa Coffee brand, managing stores across India

Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and stands among the largest operators of chain quick service restaurants (QSR) in the country. Additionally, DIL serves as a franchisee for the Costa Coffee brand, operating stores in India.

Yum Restaurants India, which owned 4.4 per cent of Devyani International Limited, sold its entire stake in the company on Wednesday.

Block Deal

According to block deal data on the National Stock Exchange, Yum Restaurants India offloaded 5,30,83,330 shares, representing its 4.4 per cent stake in Devyani International. The shares were offloaded at an average price of Rs 164.10 apiece, resulting in a transaction value of Rs 871 crore.

Date

Client

Buy / Sell

Quantity Traded

Average Price

Amount

21-Feb-24

YUM RESTAURANTS INDIA PVT LTD

SELL

           5,30,83,330

                     164.10

  8,71,09,74,453

 

Buyers in the Block Deal

Nippon India Mutual Fund, Societe Generale, Franklin Templeton Mutual Fund, Sundaram Mutual Fund, Singapore Government, Goldman Sachs, and Morgan Stanley Asia Singapore were among the buyers of Devyani International's shares.

Complete list of all the buyers along with the shares they purchased and the total amount they have invested in the same.

Client

Quantity Traded

Average Price

Amount

NIPPON INDIA MUTUAL FUND

               80,00,000

                 164.1

  1,31,28,00,000

SOCIETE GENERALE

               50,75,000

                 164.1

     83,28,07,500

FRANKLIN TEMPLETON MUTUAL FUND

               50,00,000

                 164.1

     82,05,00,000

SUNDARAM MUTUAL FUND

               48,00,000

                 164.1

     78,76,80,000

GOVERNMENT OF SINGAPORE

               44,43,479

                 164.1

     72,91,74,904

EMPLOYEES PROVIDENT FUND

               38,00,000

                 164.1

     62,35,80,000

AXIS MUTUAL FUND

               30,00,000

                 164.1

     49,23,00,000

HDFC STANDARD LIFE INSURANCE COMPANY LIMITED

               28,00,000

                 164.1

     45,94,80,000

GHISALLO MASTER FUND LP

               22,23,330

                 164.1

     36,48,48,453

COPTHALL MAURITIUS INVESTMENT LIMITED

               20,00,000

                 164.1

     32,82,00,000

MORGAN STANLEY ASIA SINGAPORE PTE

               18,75,000

                 164.1

     30,76,87,500

GOLDMAN SACHS INDIA EQUITY PORTFOLIO

               18,51,955

                 164.1

     30,39,05,816

PGIM INDIA MUTUAL FUND

               17,50,000

                 164.1

     28,71,75,000

BANDHAN MUTUAL FUND

               10,71,429

                 164.1

     17,58,21,499

BANDHAN MUTUAL FUND

               10,71,429

                 164.1

     17,58,21,499

GOLDMAN SACHS (SINGAPORE) PTE

               10,00,000

                 164.1

     16,41,00,000

CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD

                 9,60,000

                 164.1

     15,75,36,000

HDFC MUTUAL FUND

                 7,50,000

                 164.1

     12,30,75,000

MONETARY AUTHORITY OF SINGAPORE

                 5,56,521

                 164.1

        9,13,25,096

MORGAN STANLEY ASIA SINGAPORE PTE

                 5,50,000

                 164.1

        9,02,55,000

BANDHAN MUTUAL FUND

                 3,57,142

                 164.1

        5,86,07,002

MEDIOLANUM INDIA OPPORTUNITIES FUNDS

                     84,979

                 164.1

        1,39,45,054

GS INDIA EQUITY

                     63,066

                 164.1

        1,03,49,131

*Source: NSE

Share Performance

At the beginning of the day, it opened higher at Rs 171.40 per share on the BSE than the last day's closing price, and hit intraday highs and lows of Rs 171.50 and Rs 162.50, respectively, and eventually closed at Rs 164.80 per share on the BSE.

Furthermore, the company’s stock has generated a negative return of around 15.83 per cent in the past six months and a moderate return of around 8.20 per cent. Comparing these returns with the benchmark return, none of the mentioned periods have shown outperformance and the ability to beat the Sensex return.

The current market capitalisation of the company stands at Rs 19,872 crore.

Investors must keep this stock on their radar.

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