Buy BF Utilities, target Rs 498: Kapil Shah

Buy BF Utilities Ltd. at a price target of Rs 498.0 and a stop loss at Rs 457 from entry point.

Kapil Shah of Emkay Global Financial Services has a buy call on BF Utilities with a target price of Rs 498.

The current market price of BF Utilities is Rs 463.55.

Time period given by the analyst is a month when BF Utilities price can reach defined target.

Kapil Shah recommended to keep a stop loss at Rs 457.

BF Utilities, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 1,760.02 Crore) operating in Power sector.

The company’s top management includes Mr.A B Kalyani, Mr.B B Hattarki, Mr.B N Kalyani, Mr.S S Vaidya, Ms.A A Sathe.
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Company has Joshi Apte & Co. as its auditors.

As on 30-09-2017, the company has a total of 37,667,628 shares outstanding.
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