Raksha Bandhan Special | Brother-Sister Shares: Just check out BF Utilities, BF Investment

One of the most important festivals that cements the relationship between a brother and a sister in India is Raksha Bandhan. On this special day, Zee Business has sought to find this sibling-like similarity in stock market and identify such shares for you! 

The two stocks are BF Utilities and BF Investment. Know why they are like a brother and sister! Research Analyst Ashish Chaturvedi brings out the amazing relationship in this pair that exhibit similar traits plus some interesting insights.

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BF यूटिलिटीज और BF इन्वेस्टमेंट क्यों हैं भाई-बहन शेयर?#RakshaBandhan #RakshaBandhan2020 @AnilSinghvi_ @AshishZBiz pic.twitter.com/6Y2te7REZN

— Zee Business (@ZeeBusiness) August 3, 2020

While speaking to Zee Business Managing Editor Anil Singhvi, market expert Kunal Saraogi said that the two stocks can aptly be dubbed as brother and sister. In technical terms, it is called a ''correlation''. If the correlation is plotted, it comes to around 0.8-0.9, which means they are almost similar in most things.  

Chaturvedi said that the idea behind highlighting the two similar stocks is to tell viewers about opportunities that come with both the stocks simultaneously. Investors can benefit from the movement of these stocks in a day’s trade.  

Both these companies are part of the Baba Kalyani Group. The former has business interests in infrastructure sector. BF Investment is a much diversified holding company. It has shares in five listed companies. 

Its shareholding in Kalyani Steel is 39 per cent; 35.52 per cent in Automotive Axles, 3.35 per cent in Bharat Forge and 3.15 per cent in BF Utilities.  

The reason behind picking the two stocks in conjunction is that both these stocks see an uptick simultaneously. The one year return of these two companies are almost identical. While the former has given a positive return of 38 per cent over a one year period the latter has returned up to 33 per cent, he said.  

In fact, both these companies belong to the same group and their stocks too exhibit similar market movements, too, Saraogi said.

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Earlir today, we had revealed two other stocks, Ujjivan Financial Services and Equitas Holdings as stocks with a lot in common, akin to a brother-sister pair.