Burger King share price hits lower circuit of 10% for second consecutive day
Burger King share price: After debuting on markets, the stock almost doubled investors' money. In fact, even after listing stock prices doubled in just a few sessions. Due to this, some investors decided to book some profit and the stock has slipped from the highs of all-time highs of Rs 213.8 to Rs 175 (down by 10%, lower circuit). Today again due to some strong selling the stock has again hit a lower circuit of 10% at Rs 157.5. There are only sellers in the system and no buyers for the stock. This indicates that the stock price has fallen over 25% from the highs made yesterday. The current market cap of the company is over Rs 6000 cr.
The IPO of Rs 810 cr of Burger King India was subscribed 156.65 times by the investors across categories. The retail individual investors segment of the Burger King IPO was subscribed over 68 times: Reuters