Devyani International, Sapphire Foods Shares Surge as Indian Railways Opens Stations to Premium Food Brands

Overview

Shares of Devyani International and Sapphire Foods experienced significant gains, rising up to 5 percent. This surge follows a recent decision by Indian Railways to allow 'Premium Brand Catering Outlets', including popular names like KFC and Pizza Hut, to operate at railway stations across the country. The move aims to enhance passenger amenities, bringing them closer to airport-level facilities and creating new growth avenues for these food service companies.