Stocks in Focus on December 3: Burger King IPO, Bharti Airtel, HDFC Life, Axis Bank to GNFC; here are the 5 Newsmakers of the Day
Key domestic indices on Wednesday, December 2, 2020, closed almost flat after a volatile session. Sensex fell 37.40 points or 0.08 per cent to end at 44,618.04 while the NSE Nifty 50 index added 4.70 points or 0.04 per cent to settle at 13,113.75. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, December 3, 2020. List of such five stocks:
Burger King IPO: The Rs 810 crore initial public offering (IPO) of Burger King India, a fast-growing international Quick Service Restaurant (QSR) chain in India, was subscribed 3.13 times on the first day of subscription. The quota set for QIB was subscribed 0.17 times, while the portion set for non-institutional investors (NII) was subscribed 0.71 times. The quota set for retail investors was subscribed 15.54 times. The price band of the issue is fixed at Rs 59-60 per share.