Westlife Foodworld plunges over 6%

New Delhi: Shares of Westlife Foodworld Ltd plunged more than six per cent on Friday a day after the company reported a 29.05 per cent decline in its consolidated net profit to Rs22.37 crore for the second quarter.

Westlife Foodworld's subsidiary Hardcastle Restaurants is the master franchisee of McDonald's restaurants in West and South India. The stock of the company tumbled 6.22 per cent to Rs827.95 apiece on the NSE. On the BSE, shares of Westlife Foodworld declined 5.93 per cent to Rs827.25 per piece. Meanwhile, the BSE Sensex jumped 538.10 points or 0.85 per cent higher to 63,686.25 points, while Nifty climbed 163.35 points to 19,020.60.