Bombay Dyeing & Manufacturing Company gained 4.77% to Rs 205.35 at 11:45 IST on BSE after the company reported net profit of Rs 52.79 crore in Q2 September 2017 compared with net loss of Rs 36.56 crore in Q2 September 2016.
The result was announced after market hours yesterday, 8 November 2017. The stock had dropped 4.3% to Rs 196 ahead of the results yesterday, 8 November 2017.Bombay Dyeing & Manufacturing Company's net sales rose 42.8% to Rs 692.20 crore in Q2 September 2017 over Q2 September 2016.
Meanwhile, the S&P BSE Sensex was up 55.74 points, or 0.17% to 33,274.55. The S&P BSE Mid-Cap index was up 99.99 points, or 0.61% to 16,516.60, outperforming the Sensex.
On the BSE, 8.1 lakh shares were traded in the counter so far, compared with average daily volumes of 12.51 lakh shares in the past one quarter. The stock had hit a high of Rs 205.80 and a low of Rs 204.05 so far during the day. The stock had hit a record high of Rs 245.70 on 11 October 2017. The stock had hit a 52-week low of Rs 41.20 on 22 November 2016.
The stock had underperformed the market over the past one month till 8 November 2017, falling 8.75% compared with the Sensex's 4.41% rise. The stock had, however, outperformed the market over the past one quarter, galloping 144.39% as against the Sensex's 3.76% rise. The scrip had also outperformed the market over the past one year, jumping 269.11% as against the Sensex's 20.4% rise.
The mid-cap company has equity capital of Rs 41.31 crore. Face value per share is Rs 2.
Bombay Dyeing & Manufacturing Company is engaged in textile, polyester and real estate business segments.
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