Keep an eye on this stock, which has been locked in the upper circuit as the Board considers delisting this week!

Kiran Shroff
/ Categories: Trending, Mindshare
Keep an eye on this stock, which has been locked in the upper circuit as the Board considers delisting this week!

In just 2 days the stock has gained 40 per cent whereas BSE SmallCap has gained only 1.10 per cent.

Today, shares of BF Investment Ltd surged 20 per cent from its previous closing of Rs 350.10 apiece to Rs 420.10 apiece. The stock also traded at a new 52-week high today of Rs 420.10.

 

The company recently announced that a meeting will be held on January 4, 2023, to consider the proposal for voluntary delisting of the company's equity shares having a face value of Rs 5 per share. Hence this announcement made this stock hit back-to-back upper circuits in recent trading sessions.

  

BF Investment Ltd was founded in 2009. It is a non-deposit core investment firm. It is primarily involved in the business of investing in Kalyani Group companies. Today, shares of BF Investments saw a spurt in volume by more than 57.07 times on BSE.

 

Talking about the financials, BF Investments has a market cap of 1318.74 crore. The company reported positive results in its quarterly and annual financial statements. In FY21 when the net profit was only 18.35 crore, it skyrocketed to 97 per cent to Rs 36.16 crore in FY22. In just 2 days the stock has gained 40 per cent whereas BSE SmallCap has gained only 1.10 per cent. Do you own this Small-Cap stock? 

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