India hospital Waves India

Barbeque Nation share price defies risks from second Covid wave

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Barbeque Nation Hospitality Ltd rose 20% for the second day in a row on Thursday on the National Stock Exchange. The stock was locked in the upper circuit at Rs705.35 apiece.

The company's IPO (initial public offering) closed March end and shares listed on the stock exchanges on Wednesday at a 2% discount in opening trades.But they have rallied since.

This is surprising, to say the least, considering that analysts were expecting the shares to have a weak listing owing to the second covid wave.

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