Westlife Development is currently trading at Rs. 437.90, up by 7.05 points or 1.64% from its previous closing of Rs. 430.85 on the BSE.
The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 442.95 and Rs. 430.00 respectively. So far 9022 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 499.90 on 04-Feb-2020 and a 52 week low of Rs. 271.25 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 442.95 and Rs. 388.05 respectively. The current market cap of the company is Rs. 6789.51 crore.
The promoters holding in the company stood at 59.12%, while Institutions and Non-Institutions held 29.42% and 11.46% respectively.
Westlife Development has resumed new store openings across its markets. The company has opened four new stores post March 2020 as it steadily continues to move towards pre-COVID levels of business. The company has opened two new stores in the Mumbai suburban area and one in Cochin. Another new restaurant is on the Mumbai-Pune highway that is set to commence operations on December 31, 2020. All these stores are the new contemporary ‘Experience of The Future’ restaurants and house the company’s in-house coffee chain McCafe.
The company has resumed new store opening is a reinforcement of its omni-channel strategy and its confidence in the long-term opportunities in the West and South India market. Over the last two quarters, the company has been seeing healthy recovery in business with dine-in building up rapidly even as its convenience channels continue to grow steadily.
Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary HRPL. The Company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
| Company Name | CMP |
|---|---|
| Westlife Development | 796.25 |
| Restau. Brands Asia | 87.91 |
| Barbeque-Nation Hosp | 517.35 |
| Coffee Day Enter. | 27.86 |
| Speciality Restauran | 155.55 |
| View more.. | |
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