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BFUTILITIE

NSE:BFINVEST - BF Investment Ltd what's cooking here..?NSE:BFINVEST BF Investment Ltd Overview Non-Deposit taking Core Investment Company. Engaged primarily in making investments in Kalyani Group companies. History Incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd. Under business restructuring, Investment Business transferred to BF Investment Ltd. Kalyani Group BF Investment Ltd. (BFIL) is a part of the USD 2.5 billion Kalyani Group from Pune. Established in the mid-1960s. Indian multinational with advanced technology, engineering & manufacturing capabilities. Industries: Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure, Specialty Chemicals. Market leader in forging globally and largest forging exporter from India. Group Companies: Bharat Forge, KCTI, Kalyani Technoforge, Kalyani Global, Automotive Axles, and more. Nature of Operations Mainly focused on investments. Majority of investments are strategic in nature targeting Kalyani Group Companies. Investments are long-term and not for trade. Revenue Mix FY22 Dividend income: ~55% Interest income: ~34% Other (Net gain on fair value changes): ~12% Investments Investments worth ~ Rs. 1646 Cr as of March 2021. Significant ownership in Kalyani Steels Ltd., KSL Holdings Private Ltd., Triumphant Special Alloys Pvt. Ltd., Kalyani Financial Services Ltd., and others. Equity stake in listed and unlisted shares: Bharat Forge Ltd, BF Utilities Ltd., and others. Invested in preference shares and debentures of Group companies. Promoter Shareholding Promoters stake from 73.38%
NSE:BFINVESTLong
by Peaceful-Weekend-Investing
Trade_setup _ 20% upside potential in BF Utilities.BF utilities is a Kalyani Group owned company that engages in infrastructure and power generation through wind mill technology. The chart shows the stock giving a successful breakout from: i. Inverse head and shoulder pattern. ii. Horizontal resistance zone(635-655) The stock closed above both these significant resistances with a spike up in volume and a Bullish 'Marubozu' candlestick. The target for the Inverse head and shoulder patterns projects to a target almost close to the previous swing high(around 800-815 zone). On the downside 630 should make a good area to consider for a SL on this stock. *Note- Views expressed here are based on personal opinions/observations. Please do your own research/analysis before taking any financial positions.
NSE:BFUTILITIELong
by neeraj_2_sharma