Latest News | Barbeque-Nation Shares Give Up Early Gains; Settle over 3 Pc Lower

New Delhi, Feb 4 (PTI) Shares of Barbeque-Nation Hospitality Ltd on Friday gave up all initial gains and settled over 3 per cent lower amid profit-taking.

In early trade, it had jumped nearly 3 per cent after the company reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.

Also Read | Vivo T1 5G Price in India & Specifications Leaked Online Ahead of Its Launch.

The stock, which gained 2.63 per cent to Rs 1,507 during the day on BSE, later gave up all the gains and settled at Rs 1,423, lower by 3.09 per cent.

On NSE, it closed at Rs 1,422, a decline of 3.22 per cent after jumping 1.77 per cent during the day to Rs 1,495.50.

Also Read | OnePlus Y1S, OnePlus Y1S Edge Smart TVs To Be Launched in India Soon: Report.

The company had clocked a net loss of Rs 13.54 crore in the October-December period a year ago, Barbeque-Nation Hospitality said in a regulatory filing.

Its revenue from operations was up 47.14 per cent at Rs 286.67 crore during the quarter under review, against Rs 194.82 crore in the year-ago period, the company said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)