Bombay Dyeing slumps after reporting disappointing Q1 results

Bombay Dyeing & Manufacturing Company slumped 5.92% to Rs 81.85 at 12:45 IST on BSE after the company reported net loss of Rs 53.37 crore in Q1 June 2015 compared with net loss of Rs 53.63 crore in Q1 June 2014.

The company announced results after market hours yesterday, 6 August 2015.

Meanwhile, the S&P BSE Sensex was down 6.98 points or 0.02% at 28,291.15.

On BSE, so far 4.1 lakh shares were traded in the counter as against average daily volume of 4.54 lakh shares in the past one quarter.

The stock hit a high of Rs 84.50 and a low of Rs 81.55 so far during the day. The stock had hit a 52-week high of Rs 94 on 5 August 2015. The stock had hit a 52-week low of Rs 58.55 on 12 June 2015.

The stock had outperformed the market over the past one month till 6 August 2015, rising 7.47% compared with Sensex's 0.32% gain. The scrip had also outperformed the market in past one quarter, gaining 33.13% as against Sensex's 5.92% gain.

The mid-cap company has equity capital of Rs 41.30 crore. Face value per share is Rs 2.

Bombay Dyeing & Manufacturing Company's net total income from operations fell 27% to Rs 404.71 crore in Q1 June 2015 over Q1 June 2014.

Bombay Dyeing & Manufacturing Company established by Nowrosjee Wadia in 1879 offers stylish linens, towels, home furnishings, leisure clothing, kids wear and a whole blissful range of other products across 350 plus exclusive Bombay Dyeing retail or 2000 plus multi-brand stores.

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