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

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.

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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.  

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