Sapphire Foods jumps on merger buzz, eyes ₹430 target
Sapphire Foods surged 9% intraday on reports of a potential merger with Devyani International. Analyst A&Y Market Research sees upside to ₹430 if the breakout above ₹346 is confirmed. The merger may boost margins and scale, but integration and regulatory risks remain. Stock ended 4.2% higher at ₹334, down 3.4% YTD.