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Why Barbeque Nation’s shares are selling faster than its kebabs in covid times

India 2020 pandemic Waves
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Barbeque Nation Hospitality Ltd have been behaving as if everything is hunky dory. The stock surged 40% in the past two trading days on the National Stock Exchange.

In other words, its market capitalisation has risen by Rs955 to Rs3,349 crore as on Wednesday.What explains the euphoria for a casual dining restaurant chain whose operations are hit due to pandemic curbs? “People are looking beyond near-term concerns and for opening up plays.

Barbeque Nation is a good candidate for that. Additionally, Barbeque’s March quarter results may be a proxy of how things will be post opening," said an analyst requesting anonymity.On Tuesday, Barbeque Nation announced its quarterly results for the first time since its listing on the stock exchanges.

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COVID-19
United States
United States
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Deaths: 750 423
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Recovered: 0
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Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
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Deaths: 237 619
Recovered: 0
Detail statistic
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