Textile major Bombay Dyeing and Manufacturing Company rose 2.85% to Rs 715.70 at 14:08 IST on BSE on reports it plans to invest Rs 60 crore over the next 2-3 years to open 100 company managed stores.
Meanwhile, BSE Sensex was down 427.51 points or 2.37% to 17,648.15, on weak cues from the global markets.
On BSE, 80,462 shares were traded in the counter. The scrip had an average daily volume of 1.54 lakh shares in the past one quarter.
The stock hit a high of Rs 722 and a low of Rs 680 so far during the day. The stock had a 52-week high of Rs 1,019.25 on
The mid-cap scrip had underperformed the market over the past one month till
The company’s current equity is Rs 38.61 crore. Face value per share is Rs 10.
The proposed new bed and bath concept stores marks a significant step in the company's overall retail expansion plans, providing an entirely new bed and bath shopping experience with over 500 designs, bed and bath merchandise and a variety of collection to choose from.
The company is also planning to extend its network to neighbouring countries beginning with United Arabian Emirates in the near future.
Bombay Dyeing & Manufacturing Company reported a net loss of Rs 37.01 crore in Q3 December 2007 compared to a net profit of Rs 7.21 crore in Q3 December 2006. Net sales jumped 173.5% to Rs 291.60 crore in Q3 December 2007 over Q3 December 2006.
Bombay Dyeing & Manufacturing Company’s principal activities are processing and spinning of yarn and weaving of grey cloth. The company also supplies branded household textiles through the retail textile networks in the country.
No comments:
Post a Comment