Bombay Dyeing up on mills development

DALAL STREET SPIKES

The shares of Bombay Dyeing gained by 13.76 per cent to close at Rs 690.05 after touching an intra-high of Rs 715.

The stock was in news on account of L&T's announcement that its construction division recently secured a Rs 2000 crore order from Bombay Dyeing for re-developing textile mills and spring mills complexes at Worli and Wadala in Mumbai respectively.

The stock is up 15 per cent over the past one week and 8.8 per cent in a month. The total traded volumes were 2.83 lakh shares as against the two-week average of 0.53 lakh shares.