Recent Price Movement and Market Context
BF Utilities has outperformed its sector and benchmark indices in the short term, gaining 6.67% over the past week compared to the Sensex’s marginal 0.13% rise. The stock has been on a three-day winning streak, delivering a cumulative return of 9.31% during this period. On 15-Dec, it opened with a gap up of 3.21% and touched an intraday high of ₹629.3, signalling strong buying interest early in the session. This upward momentum is further supported by rising investor participation, with delivery volumes on 12 Dec surging by over 103% relative to the five-day average, indicating increased conviction among shareholders.
Despite these encouraging short-term signals, the stock remains below its longer-term moving averages, including...
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