Burger King, Finally the biggest IPO of the year has hit the market with the listing gain of 92% and brought the storm and hit the high of 125% on the day of listing.
On the opening day, total volume of 18,64,20,195 shares has been traded till 02:45 PM. And upper circuit as been activated at the price of Rs. 135. This shows the huge demand in India Market.
Thought, we know that the stock has only one competitor i.e Jubliant Food, it is belived that it's the starting of up movement which will continue few days at this much demand. Profit booking has been done and now it is belived that low term inverstor will play his role in market.
Analysis of BK
As we know that money from this ipo will we invested in futher expansion, which will make more money for this Fastest Food chain company. In my view you must wait for atleast 3-4 months for 100X profit because comparing to Jubiant Food, prices is very low and also much demand in future once vaccine comes in indian market.
CMP - Rs. 135
Target - Rs. 618
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