Sapphire Foods India rises after smaller quarterly loss

By Reuters News

** Shares of Sapphire Foods India SAPI.NS rise as much as 2.5% to 197.80 rupees

** Franchisee for US-based Yum Brands YUM.N posts Q2 consolidated net loss of 15 million rupees ($158,094.44), compared with a net loss of 127.7 million rupees a year earlier

** Co's Q2 revenue from operations rose 20% Y/Y to 8.88 billion rupees, with KFC posting its strongest growth in 16 quarters

** SAPI is rated "buy" on average by 18 analysts; median PT is 250 rupees - data compiled by LSEG

** Stock down 24.52% YTD

($1 = 94.8800 Indian rupees)

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