After Siddaramaiah’s resignation, Coffee Day shares reached 20% upper circuit, know why…

Read Desk. Coffee Day Enterprises shares hit 20% upper circuit after Siddaramaiah resigned as Karnataka Chief Minister. DK Shivakumar is likely to succeed him. DK Shivakumar has marital relation with CCD family. His daughter, Aishwarya, is married to Amartya Hegde, son of late CCD founder VG Siddhartha.

Coffee Day Enterprises showed a big turnaround in its March 2026 results. In Q4FY26, the company reported a consolidated net profit of around Rs 130 crore, compared to a loss of around Rs 33 crore in the same quarter last year. The increase in revenue was approximately Rs 280 crore.

According to reports and historical exchange data, Coffee Day Enterprises has touched the upper circuit several times in the past, which has been related to the news of improvement in the company’s situation and reducing debt. However, today’s surge is one of the biggest the stock has seen.

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