Q4 numbers lift Bombay Dyeing
DALAL STREET SPIKES
| The stock, in intra-day deals, touched a high of Rs 161, before closing at Rs 158.65, up 10.37 per cent from its previous close. The counter witnessed a volume of 9,1367 shares on the BSE. With today's gain, the stock has now appreciated 16 per cent in the last two trading sessions. |
| Bombay Dyeing reported a net profit of Rs 24.84 crore for the fourth quarter ended March 2004 as compared with a net loss of Rs 1.10 crore in the corresponding period of the previous year. Its net sales surged 23.6 per cent to Rs 258.70 crore (Rs 209.19 crore). |
| Analysts tracking the sector said the counter has been witnessing good buying in anticipation of the company benefiting from the post-2005 quota regime. |
| It was the DMT division that led to the robust growth in profit in the March quarter. Bombay Dyeing derives revenues from two key segments "" textiles and DMT. |