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BF Utilities slips on profit booking

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Capital Market

BF Utilities fell 2.42% to Rs 552.70 at 11:39 IST on BSE on profit booking after the stock rose 11.10% in the preceding two trading sessions to Rs 566.40 on 9 October 2014, from a recent low of Rs 509.80 on 7 October 2014.

Meanwhile, the BSE Sensex was down 252.69 points, or 0.95%, to 26,384.59.

On BSE, so far 26,000 shares were traded in the counter, compared with an average volume of 81,226 shares in the past one quarter.

The stock hit a high of Rs 564.70 and a low of Rs 542 so far during the day. The stock hit a 52-week high of Rs 817.95 on 22 July 2014. The stock hit a 52-week low of Rs 161.50 on 10 October 2013.

 

The stock had underperformed the market over the past one month till 9 October 2014, falling 8.90% compared with 2.30% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.52% as against Sensex's 4.69% rise.

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

BF Utilities reported net loss of Rs 1.10 crore in Q1 June 2014 as against net profit of Rs 2.62 crore in Q1 June 2013. Net sales declined 31.85% to Rs 5.20 crore in Q1 June 2014 over Q1 June 2013.

BF Utilities constructs infrastructure projects.

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First Published: Oct 10 2014 | 11:45 AM IST

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