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Burger King India hit an upper circuit of 20% at Rs 199.25, rising for the third consecutive trading session.Shares of Burger King were listed on the stock exchanges on Monday (14 December 2020) at Rs 115.35, a premium of 92.25% to the initial public offer (IPO) price of Rs 60. The stock is currently up 232% over its IPO price. The stock is currently frozen at an all-time high of Rs 199.25. Burger King's market capitalization stands at Rs 7,604.47 crore, surpassing Westlife Development (WDL)'s market capitalization of Rs 7,344.42 crore. WDL operates a chain of McDonald's restaurants in West ...

Shares of Burger King India hit the 20 per cent upper limit on Wednesday. The stock ended at Rs 199.3, 3.3x its IPO price of Rs 60 per share. The domestic franchisee of the US-based burger arm is now valued at Rs 7,604 crore. Westlife Development, the company that holds the master franchise in western India and South India for McDonald's, has a market cap of Rs 7,312 crore. The rally in shares of Burger King since its listing on Monday has spilled over to other listed quick-service restaurant (QSR) peers. Westlife shares surged 12 per cent, Jubilant FoodWorks rose 3.6 per cent and Speciali...

Americans are draining their checking accounts as stimulus talks drag (SPY +0.1%). Low oil prices force Saudi Arabia to cut 2021 budget plan. Here is the current market situation from CNN Money North and South American markets are mixed today. The IPC is up 0.70% while the S&P 500 gains 0.17%. The Bovespa is off 0.37%. What Is Moving the Markets Here are the headlines moving the markets. Low Oil Prices Force Saudi Arabia To Cut 2021 Budget Plan Saudi Arabia reduced its budget plan for 2021 by 7 percent from this years in response to the economic fallout of the pandemic, which pushed oil pr...

NEW DELHI: Nifty added a few points on Tuesday than its previous close and formed a small bullish candle with a long lower shadow similar to a Doji formation on the daily chart. The daily chart signals a capped upside going forward. Nifty has formed an indecisive pattern similar to that of Doji candles in the last five out of six sessions, suggesting that the rally is losing momentum. According to Nagaraj Shetti, Technical Research Analyst, HDFC Securities, the short-term trend of Nifty continues to be rangebound within a high low band of 13,600-13,400 levels. He added, “A sustainable move ...

URL copied Burger King India's stocks hit upper circuit again 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 ...