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%
Trade closed: target reached
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Comment
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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.
@faizan6933, Sector has tremendous potential. The brand has a good reputation and presence in the market. Financials are not so great as of now..main reason being due to heavy investments in setting up the franchise. Current ratios are slightly expensive but it won't matter as of now. So keeping up the horizon of around 2 years we should see burger king trading around 300. If book value increases sustainably than we might see it trading around 400. This stock has multi-bagger potential.
sreeharsha1549
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now that it crashed to 157,whats your latest target on this?
TraderHercules
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@sreeharsha1549, Anything around 100 is the good buying level for Burger King. However, 145 and 130 are the two buying zones. So, in short, we should see reversal at 145 or at the max 130.