Bombay Dyeing soars almost 90% in nine sessions

Bombay Dyeing & Manufacturing Company rose 3.64% to Rs 139.55 at 15:22 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was up 112.12 points, or 0.35% to 31,814.37.

On the BSE, 41.32 lakh shares were traded in the counter so far, compared with average daily volumes of 9.44 lakh shares in the past one quarter. The stock had hit a high of Rs 141.35 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 134 so far during the day. The stock hit a 52-week low of Rs 41.20 on 22 November 2016.

The stock had outperformed the market over the past one month till 4 September 2017, rising 65.32% compared with 1.93% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 73.41% as against Sensex's 1.64% rise. The scrip had also outperformed the market in past one year, rising 201.57% as against Sensex's 11.11% rise.

The small-cap company has equity capital of Rs 41.31 crore. Face value per share is Rs 2.

Shares of Bombay Dyeing & Manufacturing Company spurted 89.22% in nine trading sessions to its current market price of Rs 139.55, from a close of Rs 73.75 on 22 August 2017.

Bombay Dyeing & Manufacturing Company's net loss of Rs 32.71 crore in Q1 June 2017, compared with net loss of Rs 43.58 crore in Q1 June 2016. Net sales rose 31% to Rs 592.43 crore in Q1 June 2017 over Q1 June 2016.

Bombay Dyeing & Manufacturing Company is engaged in textile, polyester and real estate business segments.

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