Burger King shares see sudden fall after hitting upper circuit
Burger King's market debut on Monday was the best by any stock since 2017Premium
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Burger King shares were locked in 10% lower circuit today with prices fall to ₹179.35 on BSE. Earlier in the session, Burger King shares had hit 10% upper circuit of ₹219 on BSE. The recently listed stock, after more than doubling in price on market debut on Monday, had hit the upper circuit in the previous two session.
Sumeet Bagadia, executive director at Choice Broking, attributed the sudden fall in Burger King shares to "profit booking after a long rally since listing." Shares of Westlife Development also fell 7% today.