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Speciality Restaurants soars on forming step down subsidiary in Texas

Speciality Restaurants is currently trading at Rs. 67.30, up by 1.40 points or 2.12% from its previous closing of Rs. 65.90 on the BSE.

The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 70.95 and Rs. 67.30 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 116.00 on 17-Jan-2019 and a 52 week low of Rs. 56.00 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 71.00 and Rs. 65.00 respectively. The current market cap of the company is Rs. 320.72 crore.

The promoters holding in the company stood at 51.20%, while Institutions and Non-Institutions held 9.54% and 39.27% respectively.

Speciality Restaurants has incorporated a step down subsidiary company in Texas namely, ‘Foodland Ventures, LLC’ which is registered with Office of the Secretary of State of Texas. The step down subsidiary has been incorporated to setup, own and operate restaurants in US.

Speciality Restaurants focuses on providing the guests an affordable fine dining experience with quality food and service in a modern ambience. The company’s restaurants consist of different restaurant concepts and are located across India, particularly in the western region.

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