Bombay Dyeing surges over 98% in ten sessions

Bombay Dyeing & Manufacturing Company hit an upper circuit limit of 5% at Rs 146.10 at 13:56 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was down 119.96 points, or 0.38% to 31,689.59.

On the BSE, 12.81 lakh shares were traded in the counter so far, compared with average daily volumes of 9.89 lakh shares in the past one quarter. The stock was currently stuck at a record high level. The stock had hit a low of Rs 136.50 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 5 September 2017, rising 68.16% compared with 1.44% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 71.16% as against Sensex's 1.72% rise. The scrip had also outperformed the market in past one year, rising 212.70% as against Sensex's 9.77% 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 98.10% in ten trading sessions to its current market price of Rs 146.10, 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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