Small Cap Holding Stock Hits Back To Back Upper Circuit, Soars 52% In 1-Week
Leading small cap holding company, BF Investment Ltd hit 20% upper circuit intraday today and gained nearly 52% in just 7 days after the board of directors of the company announced a meeting to consider the proposal for voluntary delisting of the equity shares of the Company, having the face value of INR 5 per share ("Equity Shares").
The stock has hit back to back upper circuit as well. The stock traded new 52-week high in trade on January 3, 2022. Check key takeaways below:
1. BF Investment Ltd Stock Performance
The current market price of the stock is Rs 420 apiece with an intraday gain of 20%. The stock hit 20% upper circuit and traded new 52-week high on January 2, 2023.
The stock touched upper circuit on January 2, 2022 when the price of the stock touched Rs 350 apiece. The stock has registered a spurt in volume by more than 67.49 times, according to BSE.
2. BF Investment Ltd Return
The stock has given 52% return in just 1-week time, 46% return in 1-month, 49% return in last 3-months, and 29% in 1-year. The shares of the company have given 30% return in last 3-years. The company for the quarter ended September 30, 2022 declared consolidated total income at Rs 13 crore, up 204% from previous quarter total income of Rs 4.49 crore.
3. BF Investment Ltd About
BFIL was formed by demerging Investment Business of BF Utilities Ltd. by way of a Composite Scheme of Arrangement. It came into existence in 2011. Under the said business restructuring, Investment Business has been transferred to BF Investment Ltd.
The said shares listed on Bombay Stock Exchange Ltd. (BSE) and National Stock Exchange of India Ltd. (NSE) with effect from January 14, 2011. BFIL is holding investments in various Kalyani Group companies.
Disclaimer
The stock gives details about its voluntary delisting of the equity shares. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.