Buyer information is still not available on BSE.
Tuesday’s stock closed at Rs. 1.45 or 1.37% down to Rs. settled at 104.25.
This is its second share sale in a fortnight. On June 14, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio – added Rs. 40.6 lakh shares worth Rs 43 crore were offloaded. Share Rs. 105.53 which was at a discount of 1.30%.
As per shareholding data available on BSE, the fund held 1,10,12,628 shares or 2.22% stake in the restaurants brand as on March 31, 2024.
The stock has lagged the market, witnessing a negative return of 9% in the last 12 months. On a year-to-date basis, the stock has seen a 10% decline in its share price. In contrast, Nifty has delivered around 27% in 1-year period and 9% till now in 2024.
The stock is trading above its 50-day simple moving average (SMA) of 103.20 while its 200-day moving average is Rs. Slipping below 112.
For the quarter ended March 31, 2024, the company posted Rs. 85 crore reported a consolidated net loss which widened on a year-on-year and quarter-on-quarter basis. Its total consolidated revenue for the January-March quarter was Rs. 608 crore down from Rs. 602 crore but in Q4FY23 it was Rs. was more than 518 crores.
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