Sapphire Foods: Weakness in this stock due to Sri Lanka crisis, you can also earn 72 percent profit by investing now

New Delhi
Sapphire Foods: Due to the economic crisis in Sri Lanka, the shares of Sapphire Foods have seen pressure. Shares of Sapphire Foods have seen weakness in the recent past in view of fears of reduction in FY22 sales due to Sri Lanka crisis.

Operational difficulties in Sri Lanka account for 17% of Sapphire Foods’ sales. Inflation has been at its peak due to the economic crisis in Sri Lanka for the last several months and due to this, its shares have seen weakness in view of the possibility of impact on the company’s results.

In India, Sapphire Foods offers a non-exclusive franchise under the name of Yum Brands. Stock market experts say that despite the fear of impact on the business of Sapphire Foods in the short term, there are investment opportunities in it.

Shares of Sapphire Foods have come down heavily and its shares are available at attractive valuations as compared to rival companies. Stock market experts say that in the coming days, shares of Sapphire Foods can register a rise of 37 to 72%.

If you also invest in the shares of Sapphire Foods, then you can earn returns of up to 72% in the next few days. Sapphire Foods operates 95 Pizza Hut outlets in Sri Lanka. It has 263 KFC stores and 219 Pizza Hut outlets in India.

Sapphire Foods also has business in Maldives but its share in total sales is only one percent. Motilal Oswal has started coverage on Sapphire Foods. Motilal Oswal says that the shares of Sapphire Foods can soon touch the level of ₹ 1220. Accordingly, you can earn 42 percent by investing in the shares of Sapphire Foods.

ICICI Securities has said for Sapphire Foods that its shares may soon touch the target of ₹ 1700. On Wednesday, the shares of Sapphire Foods were trading at a level of ₹ 986. On February 14, its shares touched the level of ₹ 1535, since then it has lost 36% so far. If we talk about ICICI Securities’ target of Rs 1700, then you can earn 72% return from Sapphire Foods shares by investing at the current price.

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