Devyani International Ltd Share Price – NSE /  BSE

Quick Service Restaurant, Small Cap

IDBI Bank Ltd, SJVN Ltd, Transformers & Rectifiers India Ltd, Elecon Engineering Company Ltd are among the other stocks to see a surge in volumes on NSE today, 02 January 2026.

Devyani International Ltd recorded volume of 379.95 lakh shares by 14:14 IST on NSE, a 12.08 times surge over two-week average daily volume of 31.45 lakh shares. The stock gained 2.39% to Rs.150.95. Volumes stood at 15.28 lakh shares in the last session.

IDBI Bank Ltd saw volume of 946.69 lakh shares by 14:14 IST on NSE, a 10.02 fold spurt over two-week average daily volume of 94.46 lakh shares. The stock increased 10.00% to Rs.114.14. Volumes stood at 69.9 lakh shares in the last session.

SJVN Ltd clocked volume of 336.49 lakh shares by 14:14 IST on NSE, a 9.84 times surge over two-week average daily volume of 34.20 lakh shares. The stock gained 11.61% to Rs.83.42. Volumes stood at 16.02 lakh shares in the last session.

Transformers & Rectifiers India Ltd recorded volume of 325.76 lakh shares by 14:14 IST on NSE, a 7.02 times surge over two-week average daily volume of 46.38 lakh shares. The stock gained 9.00% to Rs.335.60. Volumes stood at 239.61 lakh shares in the last session.

Elecon Engineering Company Ltd clocked volume of 16.49 lakh shares by 14:14 IST on NSE, a 6.98 times surge over two-week average daily volume of 2.36 lakh shares. The stock gained 4.58% to Rs.502.70. Volumes stood at 1.7 lakh shares in the last session.

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Following this announcement, shares of Sapphire Foods India fell 2.35% to currently trade at Rs 255.20 on the BSE.

In a statement filed with the bourses yesterday, DIL stated that the proposed merger is subject to receipt of all the customary regulatory & statutory approvals, including approvals from the stock exchanges, the Competition Commission of India, the National Company Law Tribunals, and the shareholders and creditors of both the companies.

The process of obtaining these approvals is expected to take approximately 12 to 15 months, following which the merger will become effective.

?Upon completion, the transaction will result in DIL becoming one of the largest quick-service restaurant (QSR) operators in India by combining the operations of both companies, positioning the merged entity for the next phase of accelerated growth, scale, and profitability,? the company said in a statement.

The merger of SFIL with DIL is structured through a share-swap mechanism.

DIL will issue 177 equity shares of DIL for every 100 equity shares of SFIL.

As part of the deal, group company Arctic International will acquire approximately 18.5% of SFIL?s paid-up equity share capital from the existing SFIL promoters, with an option to assign to a mutually agreed financial investor.

The merged entity will focus on accelerated expansion of KFC as well as strengthening and revitalization of Pizza Hut for long-term sustainable growth.

Yum! Brands has granted its approval for the consolidation of DIL and SFIL, it added.

DIL will acquire 19 KFC restaurants currently operated by Yum! India in Hyderabad. It will pay a one-time charge to Yum! India towards merger approval and the licence fee for the additional territory.

DIL further said that it is expecting an overall synergy of Rs 210 to 225 crore on an annual basis from 2nd full year operations of integrated company.

The full integration of the two entities, along with the realization of the identified synergy benefits, is expected to be completed within 15 to 18 months from the effective date of the merger.

Ravi Jaipuria, non-executive chairman of Devyani International, said: ?The consolidation of Devyani International and Sapphire Foods India marks a significant milestone and a decisive leap forward in our growth journey, resulting in DIL holding franchise rights across the entire Indian market for KFC and Pizza Hut brands.

The merger also adds a strong international presence in Sri Lanka, which complements our existing overseas operations. This combination will allow us to realize meaningful economies of scale, leverage a unified technology platform, and strengthen our supply-chain capabilities.

Devyani International (DIL) is the largest franchisee of Yum Brands in India and one of the country?s leading quick service restaurant (QSR) operators. The company also operates Costa Coffee outlets across India under a franchise agreement.

The company reported a consolidated net loss of Rs 21.89 crore in Q2 FY26 as against a consolidated net profit of Rs 0.02 crore during the previous quarter ended September 2024. Sales rose 12.65% to Rs 1376.75 crore in Q2 FY26 over Q2 FY25.

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The board of Devyani International at its meeting held on 06 November 2025 has approved the following:

(i) Appointment of Souvik Sarkar as Head of Human Resources (Senior Management Personnel of the Company), with effect from 06 November 2025.

(ii) Appointment of Anupam Kumar as EVP - Finance (Senior Management Personnel of the Company), with effect from 06 November 2025. Deepak Kumar - Head of Finance, earlier Senior Management Personnel, shall continue in a defined role in the finance function and shall report to Anupam Kumar.

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The key equity indices traded with minor cuts in the mid-afternoon trade. Investors tracked ongoing Bihar election 2025, corporate earnings and economic data. The Nifty traded below the 25,550 mark.

Realty shares tumbled for second consecutive trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex declined 47.59 points or 0.06% to 83,419.87. The Nifty 50 index fell 62.95 points or 0.25% to 25,534.40.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.33% and the S&P BSE Small-Cap index fell 0.47%.

The market breadth was weak. On the BSE, 1,188 shares rose and 2,960 shares fell. A total of 167 shares were unchanged.

Economy:

The seasonally adjusted HSBC India Services PMI Business Activity Index stood at 58.9 in October, comfortably above both the neutral mark of 50.0 and its long-run average of 54.3. October data showed softer, although still substantial, expansions in Indian services output and new business. While factors like demand buoyancy and GST (Goods and Services Tax) relief reportedly led to an improvement in operating conditions, competition and heavy rains constrained growth.

HSBC India Composite PMI Output Index fell to 60.4 in October from 61.0 in September. There was also a weaker, albeit still substantial, upturn in aggregate sales. The rate of expansion was the softest in five months. For new orders and output, the slowdowns in growth were centred on the service economy as manufacturers actually registered quicker rates of expansion.

Buzzing Index:

The Nifty Realty index fell 1.27% to 948.85. The index dropped 2.04% in the two consecutive trading sessions.

Anant Raj (down 3.49%), Godrej Properties (down 3.45%), Brigade Enterprises (down 2.46%), DLF (down 2.03%), Prestige Estates Projects (down 1.31%), Phoenix Mills (down 1.24%) and Oberoi Realty (down 0.02%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.47% to 6.499 from the previous close of 6.530.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.6400 compared with its close of 88.7700 during the previous trading session.

MCX Gold futures for 5 December 2025 settlement rose 0.71% to Rs 121,376.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 100.02.

The United States 10-year bond yield fell 0.38% to 4.143.

In the commodities market, Brent crude for December 2025 settlement advanced 34 cents or 0.54% to $63.86 a barrel.

Stocks in Spotlight:

Devyani International (DIL) declined 2.105 after the company reported a mixed Q2 FY26 performance, with net loss widening to Rs 23.95 crore from Rs 4.92 crore in Q2 FY25, despite revenue growth driven by network expansion and steady demand. On a consolidated basis, revenue from operations increased 12.7% year-on-year to Rs 1,376.75 crore in the quarter ended September 2025.

Indoco Remedies fell 1.70%. The company consolidated net loss narrowed to Rs 9.21 crore in Q2 FY26, compared with net loss of Rs 10.01 crore reported in Q2 FY25. Revenue from operations stood at Rs 471.83 crore in the second quarter of FY26, up 9.59% as against Rs 430.66 crore posted in Q2 FY25.

Piramal Pharma rose 0.92%, The company reported a consolidated net loss of Rs 99.22 crore in Q2 FY26, compared with a net profit of Rs 22.59 crore recorded in Q2 FY25. Revenue from operations for the period under review declined 8.83% year-on-year (YoY) to Rs 2,043.72 crore. The YoY performance was impacted by inventory destocking by a customer in one large CDMO order.

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