BF Utilities Ltd
Date 14.09.2024
BF Utilities
Timeframe : Weekly
FYI :
1 The Company was born out of a scheme of demerger with Bharat Forge Limited
2 It is in the business of generating electricity through windmills and infrastructure activities
3 BF Utilities is a part of $3 billion Kalyani Group
Remarks : Technical
1 Formed a rounding bottom pattern
2 Neckline of rounding bottom = 23.6% of Fibonacci retracement
3 Enter once cross or closes above 820, stoploss 750 closing basis on weekly timeframe
4 Target 1 = 1008 & Target 2 = 1250
5 If goes below 750 then short/weak. Will spend more time in consolidation w.r.t rounding bottom
Even though technically there's opportunity to take an advantage of the momentum once cross the neckline. However, its my responsibility to share that stock is not that great on fundamental side as of now some key reasons are mentioned below :
Remarks : Fundamental
1 PE ratio of 108.09 - High
2 ROA of 3.10 % - Poor
3 ROE of 4.27 % - Very low
4 Revenue growth of -1.90 % - Poor
5 OPM of -5.91 % - Poor
6 EPS of Rs 7.33 - Very Low
Regards,
Ankur
BF Utilities
Timeframe : Weekly
FYI :
1 The Company was born out of a scheme of demerger with Bharat Forge Limited
2 It is in the business of generating electricity through windmills and infrastructure activities
3 BF Utilities is a part of $3 billion Kalyani Group
Remarks : Technical
1 Formed a rounding bottom pattern
2 Neckline of rounding bottom = 23.6% of Fibonacci retracement
3 Enter once cross or closes above 820, stoploss 750 closing basis on weekly timeframe
4 Target 1 = 1008 & Target 2 = 1250
5 If goes below 750 then short/weak. Will spend more time in consolidation w.r.t rounding bottom
Even though technically there's opportunity to take an advantage of the momentum once cross the neckline. However, its my responsibility to share that stock is not that great on fundamental side as of now some key reasons are mentioned below :
Remarks : Fundamental
1 PE ratio of 108.09 - High
2 ROA of 3.10 % - Poor
3 ROE of 4.27 % - Very low
4 Revenue growth of -1.90 % - Poor
5 OPM of -5.91 % - Poor
6 EPS of Rs 7.33 - Very Low
Regards,
Ankur
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