Burger King India: Growth strategy, margin expansion key to stock rally

The company recently posted its December quarter (Q3FY22) results and brokerages have either downgraded the stock by a notch or have reduced their target price

Shares of Burger King India have been underperforming on the bourses for some time now. They surged 2.8 per cent on Friday, to Rs 134.2 per share on the BSE, but were still close to its 52-week low level of Rs 126, hit on May 5, 2021. In comparison, the BSE Sensex ended 0.1 per cent down at 57,200.

Over the past six months, Burger King India has underperformed the benchmark S&P BSE Sensex and other peers by falling 25.34 per cent, ACE Equity data show.

In comparison, the BSE Sensex and the BSE 500 indices jumped nearly 9 per