News & Insights

Trending stocks: Bombay Dyeing shares down nearly 1%

Published: August 15, 2020
Author: Ramgsutra

NEW DELHI: Shares of Bombay Dyeing & Manufacturing Company Ltd. traded 0.51 per cent down in Thursday’s trade at 11:38 AM (IST). Around 144,918 shares changed hands on the counter.

The counter opened at Rs 78.0 and touched an intraday high and low of Rs 79.0 and Rs 76.2, respectively, in the session so far. Shares of the company of Bombay Dyeing & Manufacturing Company Ltd. quoted a 52-week high of Rs 117.75 and a 52-week low of Rs 36.2.
Total market cap of the Bombay Dyeing & Manufacturing Company Ltd. stood at Rs 1605.81 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 313.1 crore for the quarter ended 31-Mar-2020, down 17.1 per cent from previous quarter’s Rs 377.7 crore and down 88.76 per cent from the year-ago quarter’s Rs 2786.36 crore.

The net profit for latest quarter stood at Rs 48.57 crore, down 95.96 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs 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 P/E multiple of 4.9 and a price-to-book ratio of 26.6. 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.

REFERENCE:https://economictimes.indiatimes.com/markets/stocks/news/trending-stocksnbspbombay-dyeing-shares-downnbsp-nearly-1/articleshow/76618905.cms

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