Analysts hopeful of further rise even as Burger King made 130% gain on listing day
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Burger King investors got great returns as the shares of the firm rose by 130% on listing day. Financial analysts are hopeful of the firm's stock rising further. The shares of Burger King closed at Rs 138.40 a piece. “There is a lot of left out feeling and there is a lot of froth in small-caps now. However, Burger King is a quality midcap that can gain 30-40% in 3-4 months,” said Sanjiv Bhasin, director, IIFL Securities.