DAILY EQUITY REPORT UPDATE 3.NOV.2017

MARKET HIGHLIGHTS

Nifty ended 10452.50 UP 28.70 and Sensex 56 UP 112.34 points.

FDI into India touches $114.4 billion in 2015-17: Report.

Ship building gets govt push, Gadkari to chair workshop in Cochin on Nov 17.

Yes Bank signs MoU with govt for Rs 1,000 cr financing.

See huge opportunity in steel biz as well as in oil & gas sector: Vedanta.

Natco’s partner Alvogen gets nod for influenza drug in US.

Expect to attain sales volume of 3.3 million tonne in H2FY18: Orient Cement.

NIFTY DAILY

nif3

BANK NIFTY DAILY

bank3

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
SBIN 326.00 314.35 11.65 3.71
ONGC 191.65 188.00 3.65 3.59
TATAMOTORS 448.50 434.90 13.60 3.13
LT 1246.00 1210.95 35.05 2.89
INDUSINDBK 1670.00 1627.50 42.50 2.61

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
POWERGRID 210.50 215.20 -4.70 -2.18
SUNPHARMA 551.35 563.45 -12.10 -2.15
BPCL 533.20 542.85 -9.65 -1.78
COALINDIA 286.50 291.20 -4.70 -1.61
GAIL 463.65 470.95 -7.30 -1.55

NSE STATS

ADVANCES 21
DECLINES 28
UNCHANGED 01

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 03-NOV-17 4660.27 14351.11 -9690.84

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 03-NOV-17 3877.08 3843.68 33.40

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MONTHLY MARKET REPORT:- BF UTILITIES LTD

BF UTILITIES LTD

 BF Utilities Ltd. (BFUL) is a part of USD 2.4 billion Kalyani Group. BFUL earlier operated in two business segments – Infrastructure Business and Investment Business. BFUL has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd. The Company was incorporated on September 15, 2000 under the Companies Act, 1956 in the State of Maharashtra.

The Company was born out of a scheme of demerger with Bharat Forge Limited (BFL). The Scheme of Arrangement was approved by the Hon’ble High Court of Judicature at Bombay on January 17, 2001. Under the said Scheme, the Investments (listed as well as unlisted) and Wind Mills Division of the BFL were demerged and transferred to the Company, effective from March 1, 2001.

 

STO

Fundamental Analysis

BF Utilities Ltd., incorporated in the year 2000, is a Small Cap company having a market cap of Rs 1552.66 Crore, operating in Power sector. BF Utilities Ltd. key Products include Wind Power, Renewable Energy Certificates and Traded Goods.

  • Revenue from Port Services which contributed Rs 18.52 Crore to Sales Value (87.17 % of Total Sales)
  • Renewable Energy Certificates which contributed Rs 2.68 Crore to Sales Value (12.60 % of Total Sales)
  • Promoters stake in the company stand at 55.97%.
  • Return on equity and Net profit margin of the company stand at 6.20% and 2.42% where as peer companies stand at -8.08% and -2.16%
  • Gross profit margin of the company is 3 times greater than peers companies.
  • Seventeenth AGM of the companies will be held on 6th of NOV 2017.

Fundamentals

Market cap

Rs. 1608.22 cr.

Face value

Rs. 5.00
Book value

Rs. 34.78

EPS

Rs. –

52 Week H/L

Rs. 566.05/ 312.00
Dividend Payout

0.00%

Listed at

NSE/BSE
P/E Ratio

Industry P/E

15.58

Technical Analysis

The stock has made sloping double bottom price pattern. Breakout of the price pattern and trend line resistance level is placed at the level of 470. Stock is trading in a particular channel from March 2014. It made its 52 week high of 566.05 in OCT 2016 and then corrected nearly 44% and tests the important support of 310 which is the support of channel. It is currently trading around 425 levels.

  • Consolidating around trend line and double bottom price pattern breakout.
  • RSI has also shown recovery and now placed at 63.17 level
  • MACD has given upward cross over on weekly charts

Technically, the stock may move UP and above the levels of 470 and it could test the levels of 520-560 in the next month. Technical stop loss should be at 410.

 Supports and Resistance (Monthly)

Resistance 1-      470                        Support 1-420

Resistance 2-      525                        Support 2-360

Resistance 3-      580                        Support 3-310

 BF Utilities DAILY CHART

STO1

 

Market Trend Today

NIFTY TREND-BULLISH 
NIFTY SPOT LEVELS
SUPP 1: 10245
SUPP 2: 9990
RES 1: 10540
RES 2: 10650

BANK NIFTY TREND -BULLISH 
BANK NIFTY FUTURE LEVELS
SUPP 1: 25210
SUPP 2: 23560
RES 1: 25750
RES 2: 26080

WORLD MARKET ALERT 
HANG SENG 69
NIKKEI 119
SHANGHAI -9
DOWJONES 81
NASDAQ -1
SGX NIFTY 10

INTERNATIONAL MARKET UPDATE
GOLD $ 1277.70
SILVER $ 17.15
COPPER $ 315.35
CRUDE $ 54.80

INR 64.53

 

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