Buyer information is not yet available on the BSE.
Goldman Sachs Fund – Goldman Sachs India Equity Portfolio, which sold the shares on Friday, held 1,10,12,628 shares or 2.22% in Restaurant Brands Asia as on March 31, 2024, as per shareholding data available on the BSE.
The stock rose 6% intraday on heavy trade on Friday, hitting an intraday high of Rs 113.60, before closing at Rs 111.25, up Rs 4.25 or 3.97%.
The stock has been a market laggard with a return of around 4% in the past 12 months. Year-to-date, the stock has fallen 3%. In comparison, Nifty has returned around 26% in the year and 8% in 2024 so far. The stock is trading above its 50-day simple moving average (SMA) of Rs 102.80 but below its 200-day moving average of Rs 112, according to Trendlyne data. As far as momentum indicator MFI is concerned, the stock is in the overbought zone and is hovering around 77. Meanwhile, the intraday RSI is still in the mid-range of 60, according to Trendlyne data. A reading above 70 is considered overbought and below 30 is considered oversold.
This counter is also trading steady with a one-year beta of 0.4.
The company reported a consolidated net loss of Rs 850 crore for the quarter ended March 31, 2024, wider year-on-year and quarter-on-quarter. Consolidated total revenue for the January-March quarter was Rs 6,020 crore. This is in line with Rs 6,080 crore in the December quarter and Rs 5,180 crore in Q4 FY23.
Also read: Gautam Adani increases Adani Enterprises shares by 1.32% in June quarter
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