Burger King more than doubles in stellar market debut. Should you stay put?

The company intends to utilise the issue proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes

Shares of Burger King India (BKIL) made a strong market debut at the bourses on Monday as the stock of the quick-service restaurant (QSR) more-than-doubled against its issue price. The stock ended at its 20 per cent upper circuit limit of Rs 138.40, a 131 per cent premium over its issue price of Rs 60 on the BSE. On the NSE, the stock ended at Rs 135, up 125 per cent against its issue price.

The stock got listed at Rs 115.35, a 92 per cent premium over its issue price on the BSE. On the NSE, it debuted at