Bombay Dyeing surges over 8% owing to huge volumes

India Infoline News Service | Mumbai | April 21, 2017 14:20 IST

Recently, the company has launched a new line of bath linen products under the brand ‘Aspero Denim’ which is priced in the range of Rs 299 to Rs 2099.

Bombay Dyeing
Bombay Dyeing and Manufacturing Company Limited's stock is buzzing on the bourses in Friday’s trading session.
 
The stock has attracted a whopping trading volume of 1,15,74,557 shares in the past one hour. The traded value of the shares as of 13:47 hours on NSE stands at Rs 102.99 Cr.
 
The stock touched its fresh 52-week high of Rs 91.9 per share, up by Rs 7.15 per share or around 8%. It has given 227% returns in past one year, 178% returns in past six months and 70% returns on a YTD basis. Three years back, the stock used to trade above Rs 100 per share. The investors in the market are confused if the stock can show the historical trend again.


 
Recently, the company has launched a new line of bath linen products under the brand ‘Aspero Denim’ which is priced in the range of Rs 299 to Rs 2099.
 
Stock View:
 
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs 87.5, up by Rs 2.8 or 3.31% from its previous closing of Rs 84.7 on the BSE.
 
The scrip opened at Rs 85.85 and has touched a high and low of Rs 91.85 and Rs 84.7 respectively. So far 14516738(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1749.35 crore.
 
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 90.65 on 28-Mar-2017 and a 52 week low of Rs 41.2 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 87.15 and Rs 81.1 respectively.
 
The promoters holding in the company stood at 53.68 % while Institutions and Non-Institutions held 10.58 % and 35.72 % respectively.
 
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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