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BF UTILITIES RUNNING ON FAST TRACK - HIGHWAYS.
It is a very good long term buy and must be added to the portfolio, cmp 974 and target is 3400+ in long term as it has fallen from this mark once.
Also the other reasons :
1. It has increased its FII limit to 40% recently.
2. It has 400-500 acres of land bank at almost zero cost on the ring road , Banglore and will be used for infrastructural development of Banglore and Mumbai-Banglore highway . It is to be sold off in near future which will generate huge profits. Even toll booth will give good profits.
3. It is demerging its investment business.
4. It is power generating company for Kalyani group and has good future.
5. IPO of Nandi Infrastructure corridor .
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