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Share prices of Burger King India rises 265 pc

Share prices of Burger King India rises 265 pc

Share prices of Burger King India have hit the upper circuit of 10 per cent in early trade recently clocking a gain of 265 per cent to issue price since December 14.

Burger King India’s stock rose to Rs 219.15 against the last day’s close o fRs 199.25 recording a gain of 10 per cent on BSE. On NSE too, the share was stuck in the upper circuit of 10 per cent in early trade. The share was trading at Rs 213.80 against the last close of Rs 194.40.

The stock closed 20 per cent higher at Rs 199.25 last Wednesday after remaining stuck in the upper circuit throughout the session. About 16.43 lakh shares changed hands on BSE in early trade. Market cap of the share rose to
Rs 8,363 crore.

There were only buyers and no sellers in Burger King stock for trade that day.

The share, which listed on bourses on December 14, has gained 265 per cent on BSE against its IPO issue price. On NSE, the share has gained 256.33 per cent against the issue price.

On the listing day, the share gained 92.25 per cent over issue price of Rs 60 on BSE. Share of Burger King India opened at Rs 115.35 against issue price of Rs 60. On NSE, the share listed 87.5 per cent higher at Rs 112.50 against the issue price.


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