BF Utilities drops on profit booking

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Capital Market
Last Updated : Nov 21 2017 | 3:28 PM IST

BF Utilities lost 3.08% to Rs 490.65 at 15:01 IST on BSE on profit booking after gaining 14.97% in the preceding three trading sessions to settle at Rs 506.25 yesterday, 20 November 2017, from its close of Rs 440.35 on 15 November 2017.

Meanwhile, the S&P BSE Sensex was up 139.71 points or 0.42% at 33,499.61.

On BSE, so far 2.67 lakh shares were traded in the counter as against average daily volume of 2.28 lakh shares in the past one quarter. The stock hit a high of Rs 511.10 and a low of Rs 483.50 so far during the day. The stock had hit a 52-week high of Rs 512.90 on 20 November 2017. The stock had hit a 52-week low of Rs 313.20 on 22 August 2017.

The stock had outperformed the market over the past 30 days till 20 November 2017, gaining 27.47% compared with 2.99% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 60% as against Sensex's 6.61% rise. The scrip, however, umderperformed the market in past one year, rising 26.90% as against Sensex's 29.48% rise.

The small-cap company has equity capital of Rs 18.83 crore. Face value per share is Rs 5.

BF Utilities reported net loss of Rs 0.81 crore in Q1 June 2017 compared with net profit of Rs 2.71 crore in Q1 June 2016. Total income fell 51.97% to Rs 3.41 crore in Q1 June 2017 over Q1 June 2016.

BF Utilities, through its subsidiaries, is engaged in the business of integrated infrastructure development in the cities of Bangalore and Mysore.

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First Published: Nov 21 2017 | 3:09 PM IST

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