Coffee Day Enterprises stock soared 20% for the second consecutive day after the National Company Law Appellate Tribunal (NCLAT) overturned insolvency proceedings against the company.
New Delhi, Mar 4 (PTI) Shares of Coffee Day Enterprises, parent company of Coffee Day chains, soared 20 per cent on the bourses for the second straight day on Tuesday after the National Company Law Appellate Tribunal set aside the insolvency proceedings against the company.
Extending the gains for the second straight day, Coffee Day Enterprises Ltd (CDEL) stock surged 20 per cent each to Rs 30.78 and Rs 30.63 apiece — also its upper circuit limit — on the BSE and NSE, respectively.
CDEL is the parent company of Coffee Day Group which operates the Cafe…
