Burger King parent shares rise 5% as Q1 loss narrows; should you buy?

Burger King parent shares rise 5% as Q1 loss narrows; should you buy?

Shares of Restaurant Brands Asia rose over 5 per cent on Friday after the company's June-quarter loss narrowed compared to the same period last year, as it extended its value deals.  

 

Indian Burger King operator's stock rose as much as 5.2 per cent during the day to ₹85.65 per share, the steepest intraday rise since June 19, 2024. The stock pared gains to trade 3.7 per cent higher at ₹84.4 apiece, compared to a 0.153 per cent decline in Nifty 50 as of 12:50 PM. 

 

Shares of the company snapped a two-day losing streak and currently trade at 2.5 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 0.4 per cent this year, compared to a 4.4 per cent advance in the benchmark Nifty 50. Restaurant Brands Asia has a total market capitalisation of ₹4,908.38 crore.