The share of the Bombay Dyeing and Manufacturing Company was trading positive with the major benchmark indices during Thursday’s trading session. The stock breaches upper circuit in the second consecutive days at Rs 167 per share. On Wednesday, it breaches upper circuit at Rs 159.10 per share.
The stock was trading up by 5% at Rs 167 per share on BSE at 1034 hours on Thursday. It opened at Rs 162 per share. The stock also traded at a new 52-week high at Rs 167 per share. The stock has attracted a total traded volume of 26,56,631 shares and traded value of Rs 4,395 lakh on NSE at 1037 hours.
Shares of Bombay Dyeing rose by around 122.96% in the one-month trading sessions to its current market price of Rs 167 per share, from a close of Rs 74.9 on August 14, 2017.
The company’s standalone revenue for the Q1FY18 came in at Rs 622.9 crore, registering 30.8% yoy increase. This was primarily driven by 137% yoy increase in revenues from the real estate segment. Company’s net loss narrowed to Rs 32.7 crore versus Rs 43.6 crore in Q1FY17.
The Bombay Dyeing and Manufacturing Company is engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF).
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