Coffee Day Shares Hit 20% Upper Circuit After Siddaramaiah Resigns: Here's Why

Coffee Day Enterprises' shares hit 20% upper circuit after Siddaramaiah resigned as Karnataka Chief Minister. DK Shivakumar is likely to succeed him. DK Shivakumar is connected to the CCD family via matrimonial alliance. His daughter, Aisshwarya, is married to Amartya Hegde, the son of the late CCD founder VG Siddhartha.Coffee Day Enterprises' posted a significant turnaround in March 2026 results. In the fourth quarter of FY26 the company posted 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 revenue growth was at around Rs 280 crore. As per reports and historical exchange data the Coffee Day Enterprises has hit multiple upper circuits in the past which has been related

to turnaround and debt-reduction news, however today's uptick is among the sharpest gains seen for the stock.