A day after bumper debut, Burger King India shares surge another 20%

On Monday, Valiant Mauritius Partners Offshore purchased 2.5 million equity shares of Burger King India, worth Rs 32.57 crore, via bulk deal on the NSE

Shares of Burger King India (BKIL) rallied up to 20 per cent to Rs 166.05 and hit a new high on the National Stock Exchange (NSE) in the early morning trade on Tuesday after logging stellar debut at the bourses on Monday.

At 11::15 am, BKIL locked in the 20 per cent upper circuit band, as compared to a 0.63-per cent decline in the Nifty50 index. Around 70 million equity shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.

On December 14, the stock of the quick-service restaurant