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BF Utilities extends Monday's gains after strong Q4 earnings

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Capital Market
Last Updated : Dec 01 2015 | 11:47 AM IST

BF Utilities rose 1.48% to Rs 611 at 10:40 IST on BSE, with the stock extending Monday's gains triggered by the company reporting strong Q4 September 2015 results.

Meanwhile, the S&P BSE Sensex was up 45.34 points or 0.17% at 26,191.01.

On BSE, so far 1.24 lakh shares were traded in the counter as against average daily volume of 2.22 lakh shares in the past one quarter.

The stock hit a high of Rs 622 and a low of Rs 606.50 so far during the day. The stock had hit a 52-week high of Rs 890 on 10 March 2015. The stock had hit a 52-week low of Rs 437.05 on 17 December 2014.

The stock had outperformed the market over the past one month till 30 November 2015, surging 4.48% compared with Sensex's 1.92% fall. The scrip had also outperformed the market in past one quarter, jumping 17.13% as against Sensex's 0.93% fall.

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

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Shares of BF Utilities have risen 6.35% in two trading sessions from Rs 574.50 on 27 November 2015, after the company on Saturday, 28 November 2015, announced strong Q4 September 2015 earnings. The stock had risen 4.8% to settle at Rs 602.10 yesterday, 30 November 2015.

BF Utilities' net profit jumped 90.6% to Rs 8.12 crore on 3.1% growth in net sales to Rs 9.89 crore in Q4 September 2015 over Q4 September 2014.

BF Utilities constructs infrastructure projects.

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First Published: Dec 01 2015 | 10:40 AM IST

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