The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each
Nishchal Maheshwari, Centrum Broking CEO, says that Budget 2021 should ensure that the recovery momentum is sustained
Mrs Bectors posted the best listing gain in 2020 after Burger King and Happiest Minds, which gained 130 per cent and 123 per cent, respectively
The QSR's stock tumbled 18 per cent from its fresh record high of Rs 219.15, hit on the BSE in Thursday's early morning trade
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
Shares of BKIL were locked in the 20% upper circuit band, at Rs 199.25, on the BSE for the third straight day
The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued
A stock market debut sets up a clash between US rivals as listed peers in India
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
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
The companies had raised Rs 20,300 crore through IPO route in 2019
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The company intends to utilise the issue proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes
An upmove above the resistance level of Rs 2,700 may trigger a rally towards Rs 3,000 mark in Jubilant FoodWorks, technical charts suggest
With an over-subscription of 157 times, Burger King India IPO became the second-most subscribed offer in calendar year 2020. The shares are expected to get listed on December 14
Reasonable valuation, steady margin profile are positives
The issue generated bids for 11.7 billion shares, worth Rs 70,000 crore, as against only 75 million on offer, making it one of the most-subscribed IPOs ever
Only 10 per cent of the issue has been reserved for retail investors
Wealthy investor and institutional investor portions subscribed 3.6 times and 2.7 times, respectively; Only 10 per cent of the issue is reserved for retail investors
Retail portion subscribed 15.6 times