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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.
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.
Burger King India s stocks hit upper circuit again (Ld)
By IANS |
Published on
Tue, Dec 15 2020 11:57 IST |
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Burger King India s stocks hit upper circuit again. Image Source: IANS News
Mumbai, Dec 15 : International quick service restaurant chain Burger King India Ltd s (BKIL) roll on the bourses continued with the stock gaining about 20 per cent since a day ago, reaching Rs 166.05 just after 11.15 a.m. on BSE, hitting the upper circuit for the second day running.
The company s stock got listed on Indian bourses on Monday and on the debut day itself it opened on a premium of over 87 per cent over the IPO price at Rs 112.50. The stock ended the day on Monday hitting the upper circuit, garnering a premium of over 130, at Rs 138.40.
Burger King shares hit 20% upper circuit, up 177% from issue price
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On Monday, Burger King shares had doubled after listing on the exchanges, closing at ₹138.40 apiece, nearly 131% premium to its issue price of ₹60. (Photo: Reuters)
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MUMBAI: Shares of Burger King India Ltd on Tuesday extended gains and hit the 20% upper circuit amid higher volumes. The stock hit a fresh record high of ₹166.05.
On Monday, the scrip had doubled after listing on the exchanges, closing at ₹138.40 apiece, nearly 131% premium to its issue price of ₹60 a share.
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