Trending Small Cap Stocks: Speciality Restaurants now in Dubai
DSIJ Intelligence / 13 Jul 2017
Speciality Restaurants Limited is engaged in restaurants and mobile food service activity. The Company has restaurants across India, Bangladesh and Tanzania.
Speciality Restaurants Limited is engaged in restaurants and mobile food service activity. The Company has restaurants across India, Bangladesh and Tanzania. The Company's brands portfolio consists of Mainland China Asia Kitchen, Mainland China, Oh! Calcutta, Sigree Global Grill. Mainland China focuses on serving Chinese cuisine with contrasting flavors and spices.
Lately, the company has entered into an agreement with Resolute Restaurant Management LLC, giving away the right to open three franchise restaurants under its brand ‘Mainland China Asia Kitchen’ in the United Arab Emirates.
The former restaurants will be opened in Burjuman Mall, New Wing in Dubai, UAE.
The day to day operations of the restaurant will be handled by the franchisee on account of the discussion which was carried out in the franchise agreement.
The management is also eying to open a Mainland China restaurant in Colombo, and also giving their best to promote the business through various promotions with a motto to increase revenues, reduce cost, so that the restaurants do not burn cash.
On today’s trade, the stock has opened at Rs.121.90 and touched a high of Rs.123.50 with a low of 118.50 and at 12:26pm the stock is quoting at Rs.119.25 per share.
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