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Posted on  December 2, 2020 under  by Team Lakshmishree

Stock Market Today

Stock Market Today is a Blazing paint of green.

Across practically all equity markets, most importantly the Mother Market.

Burger King IPO

Burger King


Burger king limited is one of the fastest-growing in QSR chains in India during the first five years of its operation based on the number of restaurants.

Its master franchise arrangement provides it with the ability to use Burger king's globally recognized brand name to grow its business in India.


Burger king IPO opens today in India and closes on the 4th of December.
Burger king's IPO is all set to hit the market, the 810 crore IPO price band has been fixed to Rs.50-60 per share.


IPO comprises fresh issues as well as OFS, So there is a fresh issue of shares amounting to 450 crores and the promoter entity will sell 6 crores shares amounting to 360 crores.

So post listing market cap is expected in the range of 22,00-23,00 crores.

Vaccine Propels Bulls


You have both S&P 500, NASDAQ close at record highs.


Pfizer & BioNTech seek a European FDA nod for conditional mktg marketing.


Marketing penciling in return to normal.

We've got Hero Eicher clock lower sales than expected TATA Motors, on the other hand, looked very good and the intermediates are excellent.

Wall outputs, steel prices are rising which means obviously at least there is more demand than their supply.

The material going into steel, iron ore is also rising at a surgeon price. Generally indicating the demand is mixed.


Cautiously Optimistic

November sales below estimates; commentary song.


The dollar index remains on the foot, at a 2.5 year low.


Vaccine & stimulus hopes to keep bulls excited.


Applying to EU regulator for permission to mkt vaccine

The market is flat at the moment. We just have to wonder how we are going today because we had a blazing rally yesterday, SGX Nifty is indicating a bit of a red so it's quite possible that we presage the US rally.

Volumes dip as SEBI's new Margin norms took in effect.

Today we will wait and watch in the initial hours but not take away from the fact that we are still very much in the grip of a great rally

Pre-Market Analysis

Written by Team Lakshmishree

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