Ashish Kacholia lost Rs 12,62,23,696 in this small-cap, which was once a multibagger; would the stock bounce back, considering strong institutional holdings?

Acquiring a staggering 253,004 shares at an average price of Rs 1163. Fast forward to the present, and the stock currently trades at Rs 664.10, reflecting a decline of Rs 498.9.

Navigating the intricate world of investments is an art, and even seasoned experts like Ashish Kacholia are not immune to the occasional misstep. Barbeque Nation Hospitality, a prominent player in the Indian casual dining scene, became the stage for an intriguing twist in Kacholia's investment journey.

Listed on April 8, 2021, the stock embarked on a rollercoaster ride, opening below the issue price at Rs 489.95 on NSE. However, in a matter of months, it catapulted almost 4 times, evolving into a multibagger and reaching a pinnacle of Rs 1945.95 in November 2021. In April 2022, Ashish Kacholia made a substantial move, acquiring a staggering 253,004 shares at an average price of Rs 1163. Fast forward to the present, and the stock currently trades at Rs 664.10, reflecting a decline of Rs 498.9.

Yet, the plot thickens when examining the institutional landscape. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have nearly doubled their holdings since April 2021, surging from 9.2 per cent and 13.1 per cent to 18.1 per cent and 25.2 per cent, respectively. This suggests a nuanced perspective among institutional investors, possibly seeing a different trajectory for Barbeque Nation Hospitality.

Delving into the company's financial performance, H1FY24 witnessed flat operating revenues at Rs 626 crore, with a modest 2.8 per cent decline in Q2FY24. Dine-in revenues took a 5 per cent hit in the same quarter, while delivery revenues showed resilience, growing by 11 per cent. The management remains optimistic, noting that the demand environment has bottomed out, and the revenue run rate per outlet in Q2FY24 exceeded that of Q4FY23.

In this intricate dance of numbers and market dynamics, Ashish Kacholia found himself facing a loss of Rs 12,62,23,696 in this particular stock. Now, the question turns to you – what has been your experience investing in Barbeque Nation Hospitality? In the ever-evolving landscape of investments, each journey is a unique narrative, shaped by insights gained from both successes and, inevitably, mistakes.

Disclaimer: The article is for informational purposes only and not investment advice.