Jan 7, 2021
By: Navdeep Yadav
Shares of Burger King fell nearly 13 percent from its all time high post listing.
Mrs Bector’s Food is down over 20 percent from its post-listing peak.
BI spoke to analysts on the reasons behind the fall and what lies ahead.
It was the second most subscribed IPO in 2020, subscribed 157 times.
Post listing, the stock was valued more than its peers.
IPO was at a 50 percent discount to its much-larger peers, subscribed 198 times.
Bector’s gains were wiped out since the stock doubled on the listing day.
Unsustainable levels. Once the euphoria ended, the stocks fell.
Analysts see room for small correction in both stocks, but sharp fall is over.
If you hold the stocks, don’t sell. And if you are looking to buy, wait for a bit.