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January 14, 2021 As the Indian stock markets continue to rally, investors have found a new favourite: global fast-food chains. Take for instance US-based Burger King. After the stellar debut on the bourse in December 2020, the company’s stock has gone up by more than 141% from its offer price of Rs60. Similarly, Mrs Bector, a premium biscuit and bakery items manufacturer which supplies buns to outlets of KFC, Burger King, Carl’s Jr, and Westlife Development (which holds the franchise rights for McDonald’s in western and southern India), also received strong traction from investors. Its initial public offering was subscribed 198 times, and the stock now trades at around 48% premium to the IPO price of Rs288. ....
Valuations warrant share market correction, but current rally may have longer legs | INTERVIEW financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Day trading guide for Wednesday SECTIONS Last Updated: Dec 15, 2020, 08:11 PM IST Share Synopsis In case the price fails to resume uptrend above 13,600 and moves below 13,400, it will indicate the start of a corrective wave towards 13,150 or below. Getty Images Related NSE A strong closing on the Nifty yesterday indicates price could have completed a triangle pattern in wave IV of larger degree wave 3. A move above 13,600 will resume uptrend towards 14,100 if wave 5 is in equality to wave 1. In case the price fails to resume uptrend above 13,600 and moves below 13,400, it will indicate the start of a corrective wave towards 13,150 or below. ....