Burger king India limited, listed under S&P BSE Small Cap Index under Restaurants industry is in its consolidation phase, or the stock is getting ready to move either side.
Burger King share price opens at Rs.131.05/- on 27th April 2021 from its previous close of Rs.130.25/-. During the session share move upward to Rs.132.75/- and Rs.129.40/- on the lower side.
Share has seen a sharp reduction in terms of deliverable quantity on 27th April 2021 i.e., 10% of deliverable quantity to traded quantity.
The Share price of Burger King India Ltd closes at Rs.130.25/- with a downside of 0.27% on the BSE index on 26th April 2021, against its previous close of Rs.130.60/-; when the BSE Sensex Index closes at 48386.51 with an upside of +1.06% (an increase of 508.06 points) and NIFTY 50 closes at 14485.0 with an upside of 1% (143.65 points).
Though the share showed some bounce back in the initial trade, gradually it ended up closing lower than its previous rate.
As per the Technical chart, the stock is in very bearish mode considering Moving averages, technical indicators, and Moving averages crossovers.
Currently stock has a 20% of price band with 44.95% of deliverable quantity to traded quantity. Peer group has performed well on the Monday session – Jubilant Foodworks ltd ended up at Rs.2,886.90/- with an increase of 1.49% whereas Speciality restaurant closes at Rs.39.75/- upside of +2.19%.
Many investors have bought Burger King India Ltd on its upper side i.e. 52 weeks high of Rs.219.15/- and the stock price has seen Rs.108.40/- on the lower side.
Though online deliveries are still going on during the Lockdown COVID has certainly affected the business of Burger King India Ltd.
Share price movement on NSE Index
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