Jubilant FoodWorks, Devyani, other QSR stocks jump as investors cheer commercial LPG rate cut
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.
State-run oil marketing companies sell domestic and commercial LPG in 14.2-kilogram and 19-kilogram units, respectively. | Image: Reuters