Buy BF Investment, target price Rs 332: HDFC Securities

HDFC Securities has buy call on BF Investment with a target price of Rs 332. The current market price of BF Investment Ltd. is Rs 310.5.

BF Investment Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 1172.03 Crore) operating in Holding Company sector.

BF Investment Ltd. key Products/Revenue Segments include Income From Dividend, Income From Sale Of Share & Securities and Interest Received for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4.49 Crore, up 109.67 % from last quarter Total Income of Rs 2.14 Crore and down -12.79 % from last year same quarter Total Income of Rs 5.14 Crore. Company reported net profit after tax of Rs -7.96 Crore in latest quarter.

Investment Rationale
Volume has started to rise during upside breakout in the price and weekly RSI shows positive indication

Promoter/FII Holdings
Promoters held 74.13 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.17 per cent, DIIs 0.44 per cent.