Burger King share price: BKIL s dream run continues, hits 20% upper circuit for third day in row
Burger King s stock got listed on Indian bourses on Monday and its performance even defied projections made by several analysts. File photo (Source: Reuters)
Updated: Dec 16, 2020, 12:06 PM IST
Shares of quick restaurant service provider Burger King India Ltd. continued to surge on Wednesday as it hit the upper circuit for the third straight day.
On Wednesday, its shares on the BSE reached Rs 199.25, rising Rs 33.20 or 19.99 per cent from its previous close.
Burger King s stock got listed on Indian bourses on Monday and on the debut day itself, it opened at a premium of over 87 per cent over the IPO price at Rs 112.50.
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NEW DELHI: Around 2 stocks fell to touch their 52-week lows on NSE in Wednesday s session.
2 stocks that touched their 52-week lows on NSE were: Sintercom India; Vishal Fabrics. Domestic benchmark index NSE Nifty was trading 69.15 points up at 13637.0, while the BSE Sensex was trading 240.67 points up at 46503.84. On the other hand, Burger King India Ltd., Hind Copper, CG Consumer, Godrej Properties and Deepak Nitrite stocks hit their fresh 52-week high today.
In the Nifty 50 index, HDFC, Divi s Labs, M&M, ONGC and Tata Motors were among the top gainers on the NSE. However, ICICI Bank, UltraTech Cements, GAIL, Eicher Motors and Tech Mahindra were among the top losers.
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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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Updated Dec 16, 2020 | 15:48 IST
HDFC, Hindalco, Titan, Divis Laboratories and ONGC were among major gainers on the Nifty, while losers included ICICI Bank, UltraTech Cement, NTPC, Gail and Tech Mahindra. Sensex jumps 403 points to end at fresh record high, Nifty settles below 11,700 ; Realty stocks outperform | Photo Credit: BCCL
New Delhi: Benchmark indices closed in positive territory for the fourth consecutive day on Wednesday with record closing high. At close, the Sensex was up 403.29 points or 0.87% at 46,666.46. Broader Nifty was up 114.80 points or 0.85% at 13,682.70. Both benchmark indices registered new record highs in today s trading session/ It was the real estate stocks that outperformed. The Nifty Realty index ended with gains of 5.1% - its biggest single-day gain since August 27, this year. The index ended at a 10-month high.
Updated Dec 16, 2020 | 12:51 IST
Despite the stellar debut and continuous surge in price in the last two days, analysts suggest investors to take profits off the table since the company is a loss-incurring unit Early Christmas gift for investors! Burger King share soars another 20%, delivers 3 times return in 3 days
New Delhi: Christmas gifts came early for investors as shares of fast-food chain Burger King India Ltd hit the 20% upper circuit for the second day in a row on Wednesday amid heavy volumes. The stock hit a fresh record high ofRs 199.25 apiece today. Note that the stock had listed on bourses on Monday, tripling from its issue price of Rs 60 a share. From its issue price, the scrip is now up 232.08%.