IPO was 156times oversubscribed. Retailers have a 15% stake in Burger king. Weak Investors will book profits while FIIS and DIIs will increase stake in Burger King. Sectors have great potential to grow. BK is itself a big brand. If financials are taken care off, we should expect this script to grow at least 3-4 times in short duration. However, as of now, I am expecting it to touch 200 price tag.
CMP - 132
Targert - 200
Absolute Returns - 51.15%
CMP - 132
Targert - 200
Absolute Returns - 51.15%
Trade closed: target reached
Comment:
Although BurgerKing short term target is reached. The fast-food sector is booming in India. Also, Burger King is itself is a brand name internationally and has been quite successful in other countries. Financials as of now are not up to the mark. but we can expect it to improve further if claimed plans are followed accordingly. I am personally quite bullish on this stock in the long term and have personal holding as well.
