Speciality Restaurants Ltd up by 13.80%: Traders Market Update | Espresso

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Espresso Shot of the Day - Speciality Restaurants Ltd up by 13.80 percent

January 05, 2023
Espresso Shot of the Day - Speciality Restaurants Ltd up by 13.80 percent

SPECIALITY RESTAURANTS LTD 253.95  (+13.80%) BSE – INE247M01014 | 5th January 2023

https://www.myespresso.com/images/Binge-graph-image_-Speciality-Restaurants-Ltd-202301051852087828104.jpg

Speciality Restaurants has established several famous brands across the nation, including Mainland China, Oh!Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal. It runs 62 Food & Beverage outlets in various important cities. Mainland China alone serves more than 2 lakh Chinese meals per month, which is a record of sorts in the country. Mainland China and Oh! Calcutta have won major ‘best restaurants’ award on various occasions in their respective categories. It has a strong team of about 3000 people. Speciality Restaurants is all set to launch 30 new restaurants all over India (prominent among them are Mainland China, Oh Calcutta!, Sigree -and Machaan amongst others).


Recent Drivers

  • On December 21,2022, the company’s board approved an increase in authorised share capital from Rs.58 crores to Rs.67 crores. Further, the board also approved issue of 60 lakh warrants convertible into equity shares on a preferential basis worth Rs. 127.23 crores at Rs. 212.05 each to non-promoter group or individuals.
  • On November 9,2022, Speciality Restaurants reported a net profit of Rs.11.10 crores in September 2022, up 296.43% from the Rs. 2.80 crores reported in September 2021.
  • On November 9,2022, Speciality Restaurants reported a net sale of Rs. 93.78 crores in September 2022, up 51.92% from the Rs. 61.73 crores reported in September 2021.
  • On September 15,2022, Speciality Restaurants, which owns and operates brands like Mainland China, Oh! Calcutta, Hoppipola, will add 20-30 cloud kitchens over the next 18 months with the delivery model sustaining even with a receding Covid-19 pandemic.
         (Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE Small cap month till date gain by 0.24%.
  • 3 months avg. BSE volume: 164,898
  • Quantity traded: 1,21,490| Deliverable quantity: 50,856 (41.86%)
  • Stock price jumped by more than 180 % from a one-year low level: 88.50 (January 6, 2022)
  • Daily RSI (14) is in near overbought territory today.
  • 52-week-high: 259.45| 52-week-low: 88.50.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

438.95

340.65

285.10

186.80

131.25

32.95

-

-

Fibonacci Pivot

340.65

281.88

245.57

222.19

186.80

151.41

128.03

91.72

32.95


Today’s Close

253.95

SMA

BSE

10 DAY

223.37

20 DAY

215.75

50 DAY

206.13

200 DAY

175.95


Some Key Ratios (Source: BSE)

Market Cap:  1,192.49 Crores

PE:  26.54

OPM%: 24.98

ROE%:  25.31

Promoters holding%: 52.53

Prev. Close:  223.15


https://www.myespresso.com/images/espresso_shot_blog_credit_image-202212011811370680578.jpgThe scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.