Sensex rose as much as 442 points to at an all-time high of 46,704.97
The S&P BSE Sensex and NSE Nifty 50 indexes closed at record highs for third day in a row paced by gains in Bharti Airtel, HDFC, ONGC, Titan and Asian Paints. The benchmarks staged a gap up opening and held on to gains on the back of a broad-based buying interest. The Sensex rose as much as 442 points to at an all-time high of 46,704.97 and Nifty 50 index climbed as much as 125 points to hit record high of 13,692.35. The markets have been hitting new highs on the back of record foreign flows into the Indian equities, analysts said.
Burger King shares made a strong debut on the bourses on Monday
Shares of quick service restaurant chain operator Burger King are in huge demand in Wednesday s session. After a stellar market debut, the stock rose by its daily maximum limit of 20 per cent for the second consecutive session. Burger King share price has moved up to Rs 199.25, a rise of more than three times from the initial public offering price of Rs 60. Burger King s market debut was the biggest since 2017, when Astron Paper & Board Mill Ltd. jumped 142 per cent.
Burger King India made a strong debut on the bourses on Monday. The shares of the quick-service restaurant chain listed at Rs 115.35 on the BSE, a 92.25 per cent premium over the issue price of Rs 60. On the NSE, the shares debuted at Rs 112.50, up 87.5 per cent.
In a topsy-turvy year for the IPO market, these five new entrants saw stellar debuts
The year 2020 has been a mixed bag for capital markets, and while many IPO hopefuls decided to withdraw their listings and wait for things to settle, others powered through. With money starting to flow back into the markets, the IPO market is picking up steadily.
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It wouldn’t be too much of a stretch to say that the Indian IPO market in 2020 was a roller coaster ride.
We began the year on a strong note with the blockbuster initial public offering of
Mumbai: Burger King India made a strong debut on the bourses on Monday, closing at Rs 138.40 a 130 per cent premium over its issue price of Rs 60. This has been the strongest closing on the listing day since December 2017, when Astron Paper & Board Mill ended up 139.4 per cent over its issue price on its listing day on December 29, 2017.
On Monday, Burger King listed at Rs 115.35 on the Bombay Stock Exchange (BSE), up 92 per cent over the issue price the fourth best listing in 2020. Chemcon Specialty, Happiest Minds Technologies and Route Mobile had surged 102-115 per cent at open on their listing days.
Updated Dec 15, 2020 | 10:59 IST
Burger King share price: Burger King s listing day gain was the third-best closing on the listing day by any company in India. some analysts are betting on more upsides for Burger King over the next few months. Representational image
New Delhi: Despite the 130% gains made by Burger King India shares on its listing day analysts are hopeful that the stock has more upside to come. Burger King shares closed at Rs 138.40 a piece as compared to its issue price of Rs 60. This is the third-best closing on the listing day by any company in India. Prior to this Salasar Techno and Astron Paper has registered 151.9% and 139.4% gains on the listing date in July and December of 2017.