Updated Apr 07, 2021 | 17:20 IST
The casual dining chain listed a marginal discount on the exchanges and after some hesitation investors seemed to have shown some faith in the long-term prospect of the company. Representational Image | Photo Credit: BCCL
Key Highlights
Take-away/Deliveries business contributes around 20% to its revenues.
Stock sprung up a surprise & jumped 20%, after debuting at a discount
Mumbai: The euphoria around new listings seemed to have faded amid a spike in volatility in the secondary market. Looking at the last few listing whether it was Kalyan Jewellers, Anupam Rasayan or Easy Trip Planners disappointed in their debut on the exchanges. The sentiment in the IPO market had turned weak, mainly due to the second wave of coronavirus infections, especially in the key state of Maharashtra.
Given that the markets were positioning for a strong economic recovery and a strong earning expansion, do you think the news on the medical front and the impact of that on the economy is something markets were not prepared for?
The markets were prepared for this in the sense that globally we have seen second, third and fourth waves but we are also seeing the vaccination drive increasing at a very accelerated pace as well as herd immunity playing out. There will be hiccups along the way but we know collectively how to get on the other side of this crisis. It is just a matter of getting over these hiccups in the next few months.
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Becoming Voltswagen: An April vool joke that vell vlat
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Last Updated: Apr 05, 2021, 07:52 AM IST
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The success of a joke is when people at least some people, if you want the butt of the joke to remain unoffended in these offensive times get them. The same goes for an April Fool’s Day gag.
If people start taking it seriously, then, Houston, we have a problem. Which is why presumably, such ventures have to tread a fine line they should sound realistic enough to fool the audience, but not those unsmiling suits at headquarters.
While many may wish that Urban Company’s announcement that it will launch a service that will send staff to houses to wake up people really does happen and UC bosses may even oblige Volkswagen has not been that perspicacious.
MUMBAI: British luxury car brand Bentley Motors on Tuesday launched the facelift version of Bentayga SUV in the domestic market, priced at Rs 4.10 crore (ex-showroom-Delhi).
Rolled out as part of Bentley s new Beyond 100 business strategy, the SUV comes with a 4.0-litre twin-turbocharged V8 petrol engine and offers features such as a next-generation infotainment system with a 10.9-inch screen, super-high-resolution graphics and dramatically increased connectivity, it said in a release. Bentley is the world leader in luxury mobility and has been defining new luxury in the automotive world. The newest addition to the range, the new Bentayga, is everything Bentayga was designed to be, balancing exquisite refinement with astonishing performance.