The stocks of Barbeque Nation Hospitality were trading at Rs 743.05 gaining by almost Rs 100 in the intraday trade on Tuesday. The Stocks were up by almost 15 per cent while hitting an intraday high of Rs 767.50 or 20 per cent. Nilesh Jain who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said that the rise was surprising and could be on the back of the news around unlocking as cases see a dip. 

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Jain said that this stock has been listed recently so there is not much to take from the technical charts. He avoided taking any current calls in this stock as the lockdowns are still in place. 

Some key takeaways from this stock: 

  1. Barbeque Nation outperforms sector by 15.5 per cent on Tuesday 
  2. This stock has been gaining for the last 3 days and has risen 26.96 per cent returns in the period 
  3. Stock opened with a gain of 3.03 per cent today 
  4. Stock touched an intraday high of Rs 767.5 (20 per cent)  
  5. Barbeque-Nation is trading higher than 5-day, 20 day, 50-day, 100-day and 200 day moving averages 
  6. Stock has been highly volatile today with an intraday volatility of 6.32 per cent (Calculated from Weighted average price) 
  7. Volume traded crossed Monday’s total volume 

This stock was listed on 7 April 2021. The stock has outperformed the Sensex with returns of over 14 per cent over 1-month period when the Sensex has given returns of 5.8 per cent. 

The investors must also know that the Domestic Institutional Investors (DIIs) have decreased holdings by 77 per cent in April 2021. 

The above information is sourced from the BSE Website.