Hot Pursuit     04-May-16
Speciality Restaurants falls after temporary suspension of a restaurant in Bengaluru
Speciality Restaurants fell 3.24% to Rs 91 at 12:13 IST on BSE after the company temporarily suspended operations of Sigree Global Grill restaurant at Bengaluru with effect from 2 May 2016.
The announcement was made after market hours yesterday, 3 May 2016.

Meanwhile, the S&P BSE Sensex was down 41.79 points or 0.17% at 25,186.39

On BSE, so far 2,873 shares were traded in the counter as against average daily volume of 2,812 shares in the past one quarter. The stock hit a high of Rs 92.60 and a low of Rs 90.60 so far during the day. The stock had hit a 52-week high of Rs 187.10 on 4 May 2015. The stock had hit a 52-week low of Rs 80.05 on 14 March 2016. The stock had outperformed the market over the past one month till 3 May 2016, rising 8.98% compared with the Sensex's 0.16% fall. The scrip, however, underperformed the market in past one quarter, declining 6.7% as against Sensex's 4.15% gains.

The small-cap company has an equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants did not mention the reason for the temporary suspension of operations of the restaurant and the expected timeline for resumption of operations.

Speciality Restaurants' net profit fell 68.9% to Rs 1 crore on 5.2% growth in net sales to Rs 83.26 crore in Q3 December 2015 over Q3 December 2014.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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