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Jubilant FoodWorks, Devyani, other QSR stocks jump as investors cheer commercial LPG rate cut

Jubilant FoodWorks, Devyani, other QSR stocks jump as investors cheer commercial LPG rate cut

Thu, Nov 16, 2023

A host of quick service restaurant (QSR) stocks, including Jubilant FoodWorks (JUBLFOOD), Devyani International (DEVYANI) and Sapphire Foods (SAPPHIRE), rose after state-run oil marketing companies announced a reduction in the retail prices of commercial LPG, or cooking gas, following a sharp increase a fortnight ago.

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