Sweet Bengal: New confectionery store by Speciality Restaurants

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Speciality Restaurants has announced, on January 7, 2017 that it is opening a new confectionery store named “Sweet Bengal”, at Oshiwara, Andheri West, Mumbai with effect from the same date.

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Accordingly, as on January 7, 2017, the total number of restaurants and confectioneries of the company stand at 107 (including 25 franchise restaurants) and 18 confectioneries.

Speciality Restaurants Limited is an Indian restaurant company that owns multiple chains of fine and casual dining
Speciality Restaurants Limited also owns and operates confectionery stores.

Stock view:
Speciality Restaurants Ltd is currently trading at Rs 72.7, down by Rs 0 or 0% from its previous closing of Rs 72.7 on the BSE.
The scrip opened at Rs 72.7 and has touched a high and low of Rs 72.7 and Rs 72.7 respectively. So far 2702(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 341.4 crore.
The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 139.4 on 07-Jan-2016 and a 52 week low of Rs 71.5 on 02-Jan-2017. Last one week high and low of the scrip stood at Rs 74.5 and Rs 71.5 respectively.
The promoters holding in the company stood at 51.2 % while Institutions and Non-Institutions held 24.61 % and 24.19 % respectively.
The stock is currently trading below its 200 DMA.
Speciality Restaurants Ltd

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