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The shares of Burger King India continued their strong development momentum for the second consecutive day publish a stellar itemizing on the inventory exchanges. The inventory was locked in its 20 per cent upper circuit since late morning offers on Tuesday.
On the BSE, the Burger King India inventory was frozen at Rs 166.05, up 20 per cent from its earlier shut on Monday. Likewise, it was locked at Rs 162 apiece on the National Stock Exchange (NSE). So far in two days, the scrip has surged a whopping 176.75 per cent from its issue price of Rs 60 on the BSE, whereas on NSE, it has jumped 170 per cent.
So far in intraday commerce on Tuesday, almost 5.98 crore (5,97,74,865) shares of Burger King India have been traded on the NSE, whereas over 1.07 crore (1,07,26,210) shares exchanged palms on the BSE, knowledge from the respective inventory alternate confirmed.
On Monday, the scrip had debuted at Rs 115.35 apiece on the BSE and at Rs 112.50 per share on NSE. It finally had settled at Rs 138.40, after hitting its upper circuit on the BSE, whereas on NSE, it ended the primary day at Rs 135.00 per share.
The Rs 810 crore IPO of Burger King India had obtained a strong demand throughout its supply interval from December 2-4. The issue was oversubscribed a whopping 156.65 instances.
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