Bombay Dyeing extends recent rally

Bombay Dyeing & Manufacturing Company rose 3.14% to Rs 126.30 at 11:51 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was down 200.06 points, or 0.63% to 31,692.17.

On the BSE, 20.20 lakh shares were traded in the counter so far, compared with average daily volumes of 8.66 lakh shares in the past one quarter. The stock had hit a high of Rs 130 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 118.60 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 1 September 2017, rising 54.41% compared with 1.07% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 74.68% as against Sensex's 1.98% rise. The scrip had also outperformed the market in past one year, rising 174.24% as against Sensex's 11.78% 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 71.25% in eight trading sessions to its current market price of Rs 126.30, 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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