Espresso shot of the day – Burger King India Ltd up by 8.78 percent

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Espresso shot of the day – Burger King India Ltd up by 8.78 percent

August 24, 2021
Espresso shot of the day – Burger King India Ltd up by 8.78 percent

BURGER KING INDIA LTD 161.60 (+8.78 %) BSE – INE07T201019 | 24thAUGUST 2021


Every day, more than 11 million guests visit Burger King restaurants around the world. And they do so because our restaurants are known for serving high-quality, great-tasting and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, our commitment to premium ingredients, signature recipes and family-friendly dining experiences is what has defined our brand for more than 50 successful years

Recent Drivers

  • Burger King India announced its April-June quarter results for the financial year 2021-22, reporting a net loss of Rs 44.35 crores.
  • Burger King India's sales in the June quarter stood at Rs 149 crores.
  • Burger King India has allotted 18,928 equity shares under ESOP on June 22, 2021. Consequently, the paid up equity share capital of the company has increased to 38,35,22,907 equity shares of Rs 10 each.
  • ICRA upgraded its credit rating to stable from negative. ICRA upgraded its outlook on long-term loan worth Rs 210 crores, long-term bank overdraft worth Rs 20 crores and short-term bank guarantee of Rs 10 crores to A2 from BBB+ and revised outlook from Negative to Stable.
(Sources: NDTV Profit, BSEIndia, Business Standard, Capital market)

Technical Force*

  • S&P BSE AllCAP month till date gain up by 2.62%
  • Spurt in volume by more than 1.06 times compared to previous volume | 3 months avg. volume: 4,37,462
  • Quantity traded: 3,96,438 | Deliverable quantity: 1,58,291 (39.93%)
  • Stock price has jumped more than 40% from one-year low level: 108.4 (Dec 14, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 219.15 | 52-week-low: 108.4

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

337.68

278.42

226.93

167.67

116.18

56.92

5.43

-

Fibonacci Pivot

278.42

236.11

209.97

193.14

167.67

142.19

125.36

99.22

56.92


Today’s Close

161.60

SMA

BSE

10 DAY

165.55

20 DAY

173.45

50 DAY

168.13

200 DAY

-

Some Key Ratios (Source: BSE)

Market Cap: 6,197.73 crores

PE: -

OPM%: 3.49

ROE%: -14.75

Promoters holding%: 52.62

Prev. Close: 148.55

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.