BF Utilities shares down 8 percent

By SiliconIndia   |   Friday, November 27, 2009   |    1 Comments
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Bangalore: BF Utilities stock was among the top losers, after its price went down by eight percent on a day when even the Sensex closed in the red. After opening the day at Rs. 1,330, the stock fell to touch the day's low of Rs. 1,210.25, before closing at Rs. 1,236.70 down 8.03 percent over its previous close. Through the day, 77,815 shares of BF Utilities were traded in the market with the current P/E ratio of the stock at 441.68. The 52 week stock price chart is on the left. BF Utilities was setup to satiate the power requirements of the Kalyani Group companies. The company has set up wind-assisted power plants at Thoseghar in Satara District of Maharashtra. As of last year, the company had 51 machines of 230 kilowatts capacity each and 11 machines of 600 kilowatts capacity. The total capacity of the power plants is 18.33 megawatts. The company's subsidiaries include Bhaichandra Investment, Mundhwa Investment, Forge Investment, Jalakamal Investment and Finance, Jalakumbhi Investment and Finance, Kalyani Utilities Development and Nandi Infrastructure Corridor Enterprises. Most of the other companies in the power segment have also ended the day in the red with Alstom Projects, Tata Power and NTPC moving down by 1.37, 0.31 and 1.19 percent respectively.
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