TLDR

Q1 profit surge drives Devyani 4% higher on record volume

Details

• Devyani International surged 4% after reporting a sharp rise in Q1 net profit, with profit up over 300% YoY and strong revenue growth.
• The stock closed at Rs ₹118 on volume 16 times the 20-day average, marking a new 20-day high.
• It reclaimed the 50-day moving average but remains 6% below the 200-day MA, keeping the long-term trend in question.