BF INVESTMENT: BIG RUN COMINGFundaments are pretty strong.
PRICE < BOOK VALUE,
Strong promoter holding,
EPS increasing but PE is steady.
TARGET 1 : 650
TARGTE 2 : 730
**These are my personal observations. Please trade at your own risk.**
BFINVEST trade ideas
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%
bfinvestments bullish structurethe stock is creating a bullish structure with a strong weekly closing.
if price breakouts and sustains there can be good up move seen in this stock.
BF INVESTMENT TRIANGLE PATTERN 20%🚀🔥swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
BUY BFINVESTbfinvest have crossed its resistance level with good volumes. we may see 380 in coming days. view negated below 315
BFINVESTBuy only above 331
With Stop-loss of 320
For TARGETS of 334.70, 342, 353
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BFINVESTMENT#BFINVESTMENT trading at 12% up and now stock can move toward upper lock as per chart there is huge buying going on stock we entered at level 270 today with support level 265.
