Westlife Development firms up as subsidiary launches first gold standard drive

27 Nov 2014 Evaluate

Westlife Development is currently trading at Rs. 310.95, up by 3.05 points or 0.99 % from its previous closing of Rs. 307.90 on the BSE.

The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 325.00 and Rs. 307.90 respectively. So far 210 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 417.85 on 27-Nov-2013 and a 52 week low of Rs. 260.00 on 26-Nov-2014.

Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 260.00 respectively. The current market cap of the company is Rs. 4805.99 crore.

The promoters holding in the company stood at 62.19 % while Institutions and Non-Institutions held 21.51 % and 16.30 % respectively.

Westlife Development’s wholly owned subsidiary- Hardcastle Restaurants (HRPL), a Master Franchisee for west & south India operations of McDonald's Restaurants has launched its first restaurant at Nadiad and 24th in the state of Gujarat.

McDonald’s Gold Standard Drive-Thru restaurant is strategically located on the State highway that connects Kheda district to Baroda via Anand on the College Road near Aadhar retail, Nadiad to serve customers from the city as well as nearby localities. The restaurant is spread over an area of 3700 sq ft and can seat up to 138 guests also have a dedicated area for birthday party celebrations. The restaurant will welcome customers daily between 10 a.m. to 11.00 p.m. and offer convenient parking facility of over 20 car parks for those who opt to dine-in as against using the drive-thru.

Hardcastle Restaurants (HRPL) is a subsidiary of BSE listed Westlife Development, which focuses on putting up and operating Quick Service Restaurants (QSR) in India. HRPL is a McDonald’s franchisee with rights to own and operate McDonald’s restaurants in India’s west and south markets. HRPL has been a franchisee in this part of India since its inception in 1996.

Westlife Development Share Price

732.95 -0.15 (-0.02%)
15-Jan-2025 10:49 View Price Chart
Peers
Company Name CMP
Westlife Development 732.95
Restau. Brands Asia 76.01
Barbeque-Nation Hosp 399.40
Coffee Day Enter. 28.88
Speciality Restauran 145.70
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