Burger King share price triples in 3 days! Anil Singhvi explains how to protect profits and ride listing gains

The Market Guru said that all those who have bought this share for short term gains have been reaping the profits in abundance. He said that it was initially difficult to guess if the stock would hit the circuits. He said that this rally cannot really be predicted. In such a case, there should be a method for trading, he cautioned

Burger King share price triples in 3 days! Anil Singhvi explains how to protect profits and ride listing gains
The best strategy is to trade in Budrger King share with a stop loss. He said that the traders should keep a margin of Rs 10 – Rs 15 below the trading price as stop loss, the Market Guru said
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Thu, Dec 17, 2020
11:12 am
new delhi, ZeeBiz WebDesk
RELATED NEWS
Stocks to buy with Anil Singhvi: Market analyst Vikas Sethi picks Mahindra EPC, Bandhan Bank for big gains Stocks to buy with Anil Singhvi: Market analyst Vikas Sethi picks Mahindra EPC, Bandhan Bank for big gains
Stocks To Buy With Anil Singhvi: Ashish Kukreja suggests Mahindra EPC, Greenlam Industries and Natco Pharma Stocks To Buy With Anil Singhvi: Ashish Kukreja suggests Mahindra EPC, Greenlam Industries and Natco Pharma
In chat with Anil Singhvi, Market Expert Ajay Bagga talks about increasing bond yields, its impact on economy and Bitcoin price crash In chat with Anil Singhvi, Market Expert Ajay Bagga talks about increasing bond yields, its impact on economy and Bitcoin price crash
Tech glitch stops NSE trading; Stock Exchange reacts, promises quick action | Watch Anil Singhvi on trading HALT, 'kiski' FAULT Tech glitch stops NSE trading; Stock Exchange reacts, promises quick action | Watch Anil Singhvi on trading HALT, 'kiski' FAULT
Anil Singhvi recommends selling at these market levels; ample opportunities for entry at lower points Anil Singhvi recommends selling at these market levels; ample opportunities for entry at lower points

Burger King share price: Burger King India Limited, which listed recently after a blockbuster response in its Initial Public Offering (IPO), has seen a great rally over the last few trading sessions. Today, at 10:10 am, Burger King stock was trading up by almost 10 per cent at Rs 213.80 on the NSE. The stock hit 20 per cent circuit on two consecutive occasions after getting listed. The circuit limit will now be reduced to 10 per cent. What should an investor do if he has bought this stock for short term gains? Is it time to book profits? Zee Business Managing Editor Anil Singhvi has an answer! 

Burger King Share Strategy – What should the investors do? 

The Market Guru said that all those who have bought this share for short term gains have been reaping the profits in abundance. He said that it was initially difficult to guess if the stock would hit the circuits. He said that this rally cannot really be predicted. In such a case, there should be a method for trading, he cautioned.

Watch Zee Business Tweet Video Below:

The best strategy is to trade in Budrger King share with a stop loss. He said that the traders should keep a margin of Rs 10 – Rs 15 below the trading price as stop loss. If the stock breaches this level, the investors or traders should exit. 

Budrger King share has more than tripled from the issue price of Rs 60. The returns given by this stock have been significant, he opined.  

He said that the current Budrger King valuations are on a higher side and there isn’t enough liquidity and the stock is now clear from the deck, which is why it is trading at these prices.  

See Zee Business Live TV Streaming Below:

On seeing Burger King from the standpoint of fundamentals, they should book profits now, the Managing Editor said.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.