India's Restaurant Brands hits over 1-yr high on block deals

Restaurant Brands Asia

15/09/2023 05:17

** Shares of Restaurant Brands Asia  RESR.NS  surge as much
as 13.5% to 136.55 rupees, their highest since Aug. 24, 2022
    ** Stock posts biggest intraday percentage gain since May 18
    ** More than 1.2 mln RESR shares change hands in two block
deals as of 9:15 a.m. IST at a price range between 133 rupees
and 134.05 rupees apiece, according to LSEG data
    ** If gains hold, co on track for biggest weekly rise since
mid-May 
    ** More than 16.3 mln shares traded by 9:42 a.m. IST, 9
times their 30-day moving avg; stock most active since May 18
    ** Including day's gains, stock up more than 18% so far this
year

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))