Burger King Hits 20% Upper Circuit For Second Straight Session After Stellar Market Debut

Shares of quick service restaurant chain operator Burger King are in huge demand in Wednesday’s session. After a stellar market debut, the stock rose by its daily maximum limit of 20 per cent for the second consecutive session. Burger King share price has moved up to ₹ 199.25, a rise of more than three times from the initial public offering price of ₹ 60. Burger King’s market debut was the biggest since 2017, when Astron Paper & Board Mill Ltd. jumped 142 per cent.

Burger King India made a strong debut on the bourses on Monday. The shares of the quick-service restaurant chain listed at ₹ 115.35 on the BSE, a 92.25 per cent premium over the issue price of ₹ 60. On the NSE, the shares debuted at ₹ 112.50, up 87.5 per cent.

Among other stellar listings in the recent past, Chemcon Speciality had surged 115 per cent and Happiest Minds Technologies had rallied 111 per cent on Day 1.

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