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Home STOCKS Radhakishan Damani: Smallcap stock rallies 10% as D-Mart's Radhakishan Damani picks more...

Radhakishan Damani: Smallcap stock rallies 10% as D-Mart’s Radhakishan Damani picks more than 1% stake

Shares of BF Utilities surged 10 per cent in Tuesday’s early trade immediately after details confirmed ace equity trader and D-Mart promoter Radhakishan Damani obtained 4.91 lakh shares in the firm for the duration of June quarter. Most current shareholding knowledge, submitted by the corporation on July 13, confirmed Damani held 1.30 for every cent stake in the corporation as on June 30. He was not among the the vital shareholders in the previous quarter finished March 31.
With a market capitalisation of Rs 832 crore, shares of the corporation traded 9.98 per cent up at Rs 220.95. BSE benchmark Sensex traded .83 for each cent down at 36,390 at about 9.20 am (IST).
BF Utilities is engaged in the company of wind ability generation. It operates through two segments: wind electrical power and infrastructure.
On June 30, the corporation reported Rs .72 crore net profit for the quarter ended March 31 in opposition to a web loss of Rs 1 crore reported for the corresponding quarter previous yr. Complete revenue enhanced 32 per cent yr on year to Rs 4.57 crore from Rs 3.46 crore in the comparable period a year in the past. Full expenditure stood at Rs 4.05 crore from Rs 4.86 crore in the calendar year-in the past time period.


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