News for Burger King India Limited (BURGERKING.NS)

Stocks that will see action today: Buzzing stocks: IREDA, MTNL, PNB, GE T&D, NTPC, Zomato, Macrotech, Nazara, Restaurant Brands, SpiceJet, Aditya Birla Capital, Pudumjee Paper, BL Kashyap, Garde Reach

Promoter entity QSR Asia was the seller in Restaurant Brands Asia, offloading 12.54 crore shares, equivalent to 25.36 percent of paid-up equity.

Sharekhan is bullish on Restaurant Brands Asia has recommended buy rating on the stock with a target price of Rs 150 in its research report dated August 08, 2023.

Sharekhan is bullish on Restaurant Brands Asia (Burger King India) has recommended buy rating on the stock with a target price of Rs 150 in its research report dated May 18, 2023.

Analysts have a consensus target price of 2,022 on the stock, which indicates a 31 percent upside from the current levels

For KIE analysts, Jubilant Foodworks is the top pick in the pack as the stock has corrected 16 percent in the past three months

Sharekhan is bullish on Restaurant Brands Asia has recommended buy rating on the stock with a target price of Rs 175 in its research report dated September 05, 2022.

Does popularity translate into profit? Let's look at how the popular stocks of 2021 have performed in 2022 so far.

Among the benchmark indices, BSE Sensex wiped out close to 2,000 points or 3 per cent and settled merely above 55,850 mark. Its peers, Nifty50 lost over 600 points or 4 per cent during the weekend and settled just above 16,650. Among the broader markets, the midcap index registered a 3 per cent fall whereas the index for smallcap stocks tanked 5 per cent during the week

Stocks in news: Punjab & Sind Bank, IDBI Bank, Burger King, Aditya Birla Fashion and Retail, Tech Mahindra, Vedant Fashions and more

Stocks In the News: Check out the companies making headlines before the opening bell.

Going ahead the hurdle for Nifty50 is at 17,450 (20-day SMA). If the index manages to breach and sustain above 17,450, we might see it moving higher to 17,640 followed by 17,780, says Malay Thakkar of GEPL Capital.

The Nifty50 index has breached below the key moving averages - 20 SMA (17,780), 50 SMA (17,485), and 100 SMA (17,640), says Malay Thakkar of GEPL Capital.

Technical analysts believe there could be heightened volatility and further weakness in domestic stock markets.

Trade Setup | Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty continues to be weak with high volatility.

The top two gainers are also from the current year. Microcrystalline cellulose manufacturer Sigachi Industries and Paras Defence & Space Technologies had gained 270.40 percent and 185 percent on their listing day - November 15 and October 1, respectively.

Paras Defence and Space Technologies is the first stock in the current decade that has given a massive 185 percent returns to investors on its debut day. The investment of Rs 14,875 for 85 shares (one lot) is worth Rs 42,393.75 now.

Trends on SGX Nifty indicate a flat to negative start for the broader index in India.

Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty is weak with choppy movement.