Trending stocks: Bombay Dyeing shares rise over 2%

NEW DELHI: Shares of Bombay Dyeing & Manufacturing Company Ltd. traded 2.22 per cent up in Tuesday's trade at 12:07PM (IST). Around 139,977 shares changed hands on the counter.

The scrip opened at Rs 71.0 and touched an intraday high and low of Rs 72.9 and Rs 70.2, respectively, in the session so far. Shares of the company of Bombay Dyeing & Manufacturing Company Ltd. quoted a 52-week high of Rs 126.85 and a 52-week low of Rs 36.2.

Total market cap of the Bombay Dyeing & Manufacturing Company Ltd. stood at Rs 1469.5 crore at the time of writing this report.


Bombay Dyeing is slated to announce its March quarter results on Tuesday.

Key Financials
The company reported consolidated net sales of Rs 377.7 crore for the quarter ended 31-Dec-2019, down 31.98 per cent from previous quarter's Rs 555.25 crore and down 8.62 per cent from the year-ago quarter's Rs 413.32 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 0.01 per cent stake in the firm, while foreign institutional investors held 0.96 per cent and the promoters 22.96 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 0.99 and a price-to-book ratio of 8.05. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bombay Dyeing & Manufacturing Company Ltd. belongs to the Diversified industry.