The Burger King share price continues the bull run and reaches an upper price of 10%. increases almost fourfold from the IPO

Burger King India, IPOBurger King India’s market capitalization has now increased from Rs 4,402 billion on the trading day to Rs 8,363.96 billion

Burger King India’s share price continued to rise today, trading at 10 percent at BSE at 219.15 rupees apiece. Burger King India’s stock has been on an upswing since it was listed earlier this week. Burger King India’s shares made their stock market debut at Rs 115.35 apiece, almost double the IPO price of Rs 60 per share. With today’s rally, the stock is up 265.25 percent from its IPO price, almost quadrupling investor money. and it’s up 92% from list price and has almost doubled since then.

Dream run for investors

According to one analyst, Burger King’s IPO has had a dream run since it went public, making its investors richer and laughing all the way to the bank, according to one analyst. “For long-term investors, this is a stock to consider, but those who are short-term traders should also look at booking profits,” said Aamar Deo Singh, head of advisory at Angel Broking.

Burger King India’s market capitalization has now increased from Rs 4,402 billion on the trading day to Rs 8,363.96 billion. “Going forward, the company aims to increase its market share by expanding its presence across India through new business. This is a plus,” added Singh.

Do not rely on this rally to continue

Some analysts also believe this rally could soon stall. Yesterday, Vishal Wagh, Head of Research at Bonanza Portfolio Ltd, advised investors to keep making booking profits. Of the 12 IPOs the stock markets have seen so far this year, Burger King India is one of the four largest IPOs this year. Since the day it was listed, Route Mobile is up 221.6 percent, Happiest Minds Technologies is up 94.7 percent, and Rossari Biotech is up 94 percent. In addition, Burger King received the fourth best listing on the stock markets in 2020. The three best listings came from Chemcon Specialty Chemicals, which rose 114 percent on one trading day, Happiest Minds Technologies with 111 percent listing gains and Route Mobile with a listing premium of 104 percent.

Burger King India’s IPO, valued at Rs 810 billion, was subscribed 156.65 times across all categories by investors. The offering received offers for 1,166 crore-shares against the offer size of 7.44 crore-shares.

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