Shares of Burger King India (BKIL) rallied up to 20 per cent to Rs 166.05 and hit a new high on the National Stock Exchange (NSE) in the early morning trade on Tuesday after logging stellar debut at the bourses on Monday.
At 11::15 am, BKIL locked in the 20 per cent upper circuit band, as compared to a 0.63-per cent decline in the Nifty50 index. Around 70 million equity shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.
On December 14, the stock of the quick-service restaurant (QSR) closed at Rs 135, clocking 125 per cent premium over its issue price of Rs 60 on the BSE. With today's gain, the stock has rallied 167 per cent compared to its issue price.