Is Burger King IPO a good investment?
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Is Burger King IPO a good investment?
Analysts recommends short term investors to book gains in Burger King India shares. Burger King made a stellar listing on the exchange by listing at 87.5\% above issue price. Shares of Burger King India made a strong debut on BSE and NSE today. Shares nearly doubled to ₹119 as compared to issue price of ₹60.
Why is Burger King making losses?
In FY20, the company reported a loss of Rs 76 crore while in FY19, its losses stood at Rs 38.28 crore on revenues of Rs 632.7 crore. In the first-half of FY21, the company posted a revenue of Rs 135.21 crore and a net loss of Rs 119 crore (Due to the effect of COVID-induced nationwide lockdown).
Should I buy Burger King?
Should you buy at current levels? After making a dream debut at Indian stock market in December 2020, Burger King share price has been on the down side as it has shed near 2.5 per cent in 2021. They said that the stock may become highly bullish if it manages to breach and sustain above ₹190 levels.
According to Bathini, it’s just not Mrs Bectors nearly all the IPO saw “exuberance” during their listing and fell by a thud due to “profit booking.” “All of the recent listings if you see including Burger King, Happiest Minds all of them are listing at a great premium and then we are witnessing profit booking leading …
Is Burger King in profit or loss?
Financials
| Profit & Loss account of Burger King India (in Rs. Cr.) | Mar 21 | Mar 20 |
|---|---|---|
| Total Operating Revenues | 494.45 | 841.24 |
| Other Income | 28.48 | 5.59 |
| Total Revenue | 522.93 | 846.83 |
| EXPENSES |
Is Burger King a loss-making company?
Market Sentiment Around Loss-Making Burger King India Limited (NSE:BURGERKING) Burger King India Limited operates as a franchisee of Burger King quick service restaurants in India. On 31 March 2021, the ₹70b market-cap company posted a loss of ₹1.7b for its most recent financial year.
* BSE Market Depth (09 Dec 2021)
| BUY | SELL | |
|---|---|---|
| QTY | PRICE | PRICE |
| 1 | 398.05 | 398.50 |
| 59 | 398.00 | 398.65 |
| 3 | 397.95 | 398.70 |
Which companies are in loss?
Loss to Profit Companies
| S.No. | Name | ROCE \% |
|---|---|---|
| 4. | Forbes & Co | 17.46 |
| 5. | Wockhardt | 13.14 |
| 6. | MPL Plastics | -20.70 |
| 7. | Tilaknagar Inds. | 5.98 |
When will the Burger King IPO be announced?
There are half a dozen of IPOs that are lined up now which would open for subscription in next 2 months. Burger King IPO news has been there for some time. Burger King India IPO date is announced as 2nd December, 2020. Burger King India Limited is India’s fastest growing chain of quick service restaurants.
What happened to Burger King’s financial performance?
While these efforts were initially effective, many of them were eventually discarded, resulting in Burger King falling into a fiscal slump that damaged the financial performance of both Burger King and its parent.
Why did Burger King news Miss to provide FY20 loss Nos?
Some Burger King News tried to provide positive side by indicating losses reduced from FY17 to FY19, however, they miss to provide FY20 loss nos which are latest and high and that too these are pre-covid level. 2) Covid-19 pandemic + Govt of India measures to reduce the spread corona virus had a substantial impact on its restaurant operations.
Is Burger King a publicly traded company?
The world’s one of the leading hamburger chain was founded in 1953. The company has been operating in over 70 countries and 90\% are privately owned franchises. This executive summary demonstrates the brand value of Burger King and how the company has revolutionized itself over the years.