India's Barbeque-Nation down over 5% as Q4 net loss widens

United Foodbrands

29/05/2023 10:08

** Shares of Barbeque-Nation Hospitality Ltd  BARQ.NS  fall
as much as 5.79% to 600 rupees
    ** Slide after net loss widens to 118.21 mln rupees ($1.45
mln) compared to 0.56 mln rupees Y/Y
    ** Co says weak demand weighed on overall performance in
March qtr 
    ** Trading volume is 223,224 shares as of 2:27 p.m. IST, 1.6
times the 30-day avg - Refinitiv data
    ** Of the five analysts tracking BARQ, four maintain "buy"
and one suggests "hold"; median TP is 1,203 rupees
    ** Stock down 2.2% so far this qtr vs 34% drop in Jan-March
qtr; down ~36% YTD
    


($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))