Barbeque Nation Hospitality, a company operating casual dining restaurant chains, saw its shares gain 18 per cent during their stock market debut on Wednesday. The stock ended at Rs 587.8 with a gain of Rs 87.8 over the issue price of Rs 500 per share. The stock touched a low of Rs 481.85 and a high of Rs 587.8 on the NSE, where Rs 285 crore worth of shares changed hands. During the close of trade, the stock was locked in a 20 per cent upper circuit over its pre-open price of Rs 490. The rally surprised the Street as most were expecting a subdued listing due to the fresh turbulence in the restaurant sector caused by the lockdown measures imposed in Maharashtra to contain the spread of Covid-19 infections.
Rakesh Jhunjhunwala-backed Nazara Technologies IPO opens: Analysts give a thumbs up msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Budget rally takes Sensex to 52,000: Here are 5 takeaways for investors
The markets are likely to inch towards 53,500 in the near term. 51,200 is now crucial support on the lower side, says Jay Thakkar February 16, 2021 / 10:56 PM IST
Indian markets have been on an upward trajectory since Union Budget which was announced on February 1. The growth-oriented proposals by Finance Minister Nirmala Sitharaman have helped Sensex climb 52,000 levels after a steep correction prior to the Budget.
Nifty50 also raced past 15,000 for the first time on February 5 and it took only six sessions for the 50-share index to surge past 15300 levels.
After a week of consolidation, the S&P BSE Sensex closed 609 points higher at 52,154 while the Nifty50 closed with gains of 151 points at 15,314 on Monday.
The December quarter earnings, so far, have seen more hits than misses due to a recovery in demand after the opening up of the economy and the significant drop in coronavirus infections.