InvestorQ : What explains this rally in Barbeque Nation after a tepid listing?
Dia Deshpande made post

What explains this rally in Barbeque Nation after a tepid listing?

Answer
image
swati Bakhda answered.
1 year ago
Follow

Barbeque Nation listed at a 2% discount at Rs.492 but gained 47% from its lows after it was locked in 20% upper circuit for 2 days. Barbeque Nation is a play on the growth in consumer spending resulting from higher disposable incomes. Barbeque Nation will use the funds for expansion and debt reduction and that has impressed the equity markets.

13 Views