InvestorQ : Can I buy Burger King now after the price fall of nearly 20% from the recent high?
Niti Shenoi made post

Can I buy Burger King now after the price fall of nearly 20% from the recent high?

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diksha shah answered.
5 months ago
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This has been a standard query from many investors in the last few days. On Monday, Burger King showed strength in the midst of a weak market with most froth going out of the market. That is a signal of strength in the stock and traders can serious look at taking a position in the stock from an investment perspective.

You can look to buy Burger King at Rs.159 for upper price targets of Rs.220 in 2 months time frame. The stock offers a solid play on expansion of the quick service restaurants or QSR business in India. Burger King has been one of the big beneficiaries of the lockdown and social distancing. Institutional demand has also been robust for the stock.

The only concern on Monday was that after a long time gap, FPIs turned net sellers in equities. However, the selling was very marginal when juxtaposed against the Rs.115,000 crore infused by FPIs into Indian equities. Traders need not read too much into this.

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