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Global fast-food chains are the new favourite of Indian stock markets After Burger King’s stellar debut, its stock has gone up by more than 141% from its offer price of Rs 60. Mandel Ngan/AFP 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 Rs 60. Similarly, Mrs Bector, a premium biscuit and bakery items manufacturer which supplies buns to outlets of KFC, Bu...

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 ...

Ahead of Market: 12 things that will decide stock action on Thursday SECTIONS Share Synopsis Rohit Singre, Senior Technical Analyst at LKP Securities said, "The index has formed a good base near 14,500-14,430 zone and any break below said levels can emerge in more profit booking." Analysts said the index could be in for some consolidation, and believe Nifty testing of the 14,400-14,367 range could put an end to the ongoing strong momentum. Related NEW DELHI: Nifty today touched its fresh all time high, but soon saw a bout of profit booking and settled at almost the same level as the previou...

Sensex welcomes 2021 with longest weekly streak in a decade SECTIONS Share Synopsis The 30-share pack Sensex climbed 117.65 points, or 0.25 per cent, to 47,868.98 to extend the streak of weekly gains to 9, the longest since 2010. Getty Images Nifty closed above the 14,000 mark for the first time. NEW DELHI: IT and public sector banks were in demand on Friday as benchmark indices rallied for yet another day to close at fresh highs. Amid lack of global cues, domestic events boosted sentiments on Dalal Street. As the earning season is close by and analysts are expecting India Inc. to continue th...

The benchmark indices advanced further and hit fresh intraday high in afternoon trade. The Nifty continued to trade above the 13,850 level. Banks, financials, metals and realty stock led the rally. At 13:24 IST, the barometer index, the S&P BSE Sensex, was up 335.93 points or 0.72% to 47,309.47. The Nifty 50 index added 113.20 points or 0.82% at 13,862.45. Tata Motors (up 4.86%), JSW Steel (up 2.87%), SBI Life (up 2.81%), HDFC Life (up 2.38%) and Titan Company (up 1.95%) were the top Nifty gainers. Shree Cement (down 0.80%), Hindustan Unilever (down 0.67%), Britannia Industries (down 0.44%), ...