Buy Bombay Dyeing & Manufacturing Company, target price Rs 172: ICICI Direct

ICICI Direct has buy call on Bombay Dyeing & Manufacturing Company with a target price of Rs 172.
The current market price of Bombay Dyeing & Manufacturing Company Ltd. is Rs 161.15.

Bombay Dyeing & Manufacturing Company Ltd., incorporated in the year 1879, is a Small Cap company (having a market cap of Rs 3357.22 Crore) operating in Diversified sector.


Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 457.12 Crore, down -9.36 % from last quarter Total Income of Rs 504.30 Crore and down -41.45 % from last year same quarter Total Income of Rs 780.79 Crore. Company reported net profit after tax of Rs -52.04 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.59 per cent stake in the company as of 30-Jun-2023, while FIIs owned 1.39 per cent, DIIs 0.26 per cent.