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Barbeque Nation share zooms 68% to issue price in three sessions


Barbeque Nation share zooms 68% to issue price in three sessions
Barbeque Nation Hospitality share rose to an intra day high of Rs 839 on BSE defying market volatility in the current session. Market cap of the firm rose to Rs 2,669  crore
BusinessToday.In | April 9, 2021 | Updated 13:04 IST
On NSE, the share hit a new high of Rs 833.70, clocking 66.74% returns for investors. Market cap of the firm stood at Rs 2,729 crore.
Barbeque Nation Hospitality share has clocked 68% gain for investors in the last three sessions. The stock which listed at a discount of 2% on April 7, has risen 67.8% against its issue price of Rs 500. The share rose to an intra day high of Rs 839 on BSE today defying market volatility in the current session. Market cap of the firm rose to Rs 2,669  crore . ....

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Sensex reclaims 50,000 mark; Nifty above 14,950


The benchmark indices were trading near the day s high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, soared 365.86 points or 0.74% at 50,027.62. The Nifty 50 index rallied 146.25 points or 0.99% at 14,965.30.
Larsen & Toubro (up 1.96%) , HDFC (up 1.42%), TCS (up 1.41%) and Reliance Industries (up 0.62%) boosted the indices.
The broader market rallied. The S&P BSE Mid-Cap index rose 1.11%. The S&P BSE Small-Cap index added 1.17%.
Buyers outnumbered sellers. On the BSE, 1,920 shares rose and 882 shares fell. A total of 162 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program. ....

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rakesh jhunjhunwala: Jhunjhunwala's costly bet is bouncing after a tepid listing: Should you sell on rise?


New Delhi: Specialty restaurant chain Barbeque Nation Hospitality made a tepid debut on Dalal Street on Wednesday, listing at a 2 per cent discount. But the scrip has surged about 48 per cent post listing.
On Thursday, the stock hit the upper circuit, surging 20 per cent to Rs 708.45. It had hit the 20 per cent upper circuit on the day of listing as well. The scrip was listed at Rs 492 on BSE against the issue price of Rs 500.
Barbeque Nation Hospitality owns and operates casual dining restaurant chain Barbeque Nation Restaurants and International Barbeque Nation Restaurants. It also owns and operates Toscano Restaurants and You and Barbeque. ....

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Stocks to watch: Muthoot Finance, RIL, UCO Bank, Prakash Industries, Airtel


Here are the top stocks that are likely to be in focus today:
Muthoot Finance: The company is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.
Reliance Industries: Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Ashok Leyland: The company said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit Switch Mobility Automotive Ltd is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary OHM Global Mobility Pvt Ltd will focus on providing mobility as a service offering. ....

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