Winning Strokes

The Sensex is now trading at 60,160.82 up 25.04 points (+0.04%), while the Nifty is seen at 17,954.70, up 8.75 points (+0.05%).  This is an improvement from morning market, which was trading in the red. The indices are likely to trade in a range while the action would shift to the broader market, especially in the Real Estate/Construction, Textile, Renewable Energy and Electric Vehicle 🚜🚑 segments. Photo: Tree Hugger

#Today's Recommendation: Buy the shares of B F Utilities Ltd at Rs.457, for targets of Rs. 504/Rs.540/Rs.611/Rs.767. SL: Rs.399. It is a reputed renewable energy player from the reputed Kalyani Group, a $2.5 billion diversified Indian multi-national business conglomerate. BF Utilities as it is a big land owner.  Kalyani Group works on multiple projects via its subsidiary Nandi Infrastructure Corridor Enterprises (NICE). Most of projects are running on Mysore-Bangaluru highway and are stuck. 

BF Utilities, which operates in the infrastructure segment, holds 74.52% stake in Nandi Infrastructure Corridor Enterprises, 69.53% in Nandi Highway Developers and 100% in Avichal Resources. It is a major player in the Wind Energy segment.

It is pertinent to mention here thatthe Ace Investor and billionaire Radhakishan Shivkishan Damani had, acquired 1.30% equity stake, or 4.91 lakh equity shares, in Kalyani group company BF Utilities during the quarter-ended June 30, 2020.

According to a report published in Zee Business NAV for company's land value at Rs.3800 per share. The Land bank value at Rs.2800 per share after factoring in discount.

Kalyani Group is an Indian multi-national business conglomerate with high technology, engineering & manufacturing capability across critical sectors such as Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure and Specialty Chemicals.

#The shares of Suzlon Energy Ltd (Rs.7.35) could consolidate around the current ranges, before taking the next upmove.

#The shares of Bombay Rayon and Fashions Ltd (Rs.7.30) is trading at an attractive valuation. Accumulate the shares of the company for some scintillating returns, going forward