1. Why did Devyani International shares jump 8% today?

Devyani International shares rose after Jefferies upgraded the stock to Buy. The brokerage cited improving margins, better demand trends, and a potential upside of about 25% at the ₹145 target price.

2. What is Jefferies’ target price for Devyani International shares?

Jefferies has maintained its target price of ₹145 on Devyani International shares. This target reflects confidence in long term earnings growth and operating margin recovery.

3. Is Devyani International a good stock to buy after the Jefferies upgrade?

According to Jefferies, Devyani International offers a favorable risk reward at current levels. The brokerage expects growth from store expansion, better sales per outlet, and improved cost control.

4. What are the key growth drivers for Devyani International shares?

Key growth drivers include expansion of KFC and Pizza Hut stores, rising digital and delivery sales, and demand recovery in the quick service restaurant segment across India.

5. What risks could impact Devyani International shares going forward?

Risks include higher input costs, slower consumer spending, and intense competition in the quick service restaurant market, which could affect margins and earnings growth.

IN Stocks

Devyani International shares jump 8% as Jefferies upgrades to ‘Buy’, keeps ₹145 target

ByRubaisha February 5, 2026February 5, 2026

Devyani International shares surged sharply in early trade, gaining nearly 8%, after global brokerage Jefferies upgraded the stock to Buy and reaffirmed its ₹145 price target. The upgrade has brought renewed confidence among investors, especially as the brokerage highlighted improving margins, better same store sales growth, and a strong long term expansion story for the company.