Hi Diksha, I am profitable in Burger King, so can I book profits? Also, do you suggest any fresh stock buying for 20 July?

I understand that Burger King has moved up sharply in recent days and is now well above the price we had recommended at. However, I think it is not a good idea to exit the stock when the overall market is under so much pressure. It is a sign of strength that it is holding value in tough markets, so as well wait for some more time. Here is what I suggest.

· Burger King at Rs.171 (CMP-179) – Suggest hold

Regarding fresh buying, considering that markets were extremely volatile globally on Monday and a likely to spill-over to Indian markets on Tuesday, I suggest staying away from fresh positions in the market. Ideally, you should first look to downsize some of the holdings before taking fresh positions in the market at this juncture.