Bombay Dyeing & Manufacturing Company rose 2.75% to Rs 48.55 at 11:01 IST on BSE after the company entered into an agreement for sale of land & building, some specific utility machineries and a company owned flat.
The announcement was made on Sunday, 1 January 2017.Meanwhile, the S&P BSE Sensex was down 156.91 points or 0.59% at 26,469.55
On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 5.85 lakh shares in the past one quarter. The stock had hit a high of Rs 49.90 and a low of Rs 48.60 so far during the day.
The stock had hit a 52-week high of Rs 67.20 on 6 January 2016 and a 52-week low of Rs 39.05 on 17 February 2016. The stock had outperformed the market over the past one month till 30 December 2016, advancing 2.16% compared with the Sensex's 0.1% fall. The scrip had, however, underperformed the market over the past one quarter declining 6.9% as against the Sensex's 4.45% fall.
The small-cap company has equity capital of Rs 41.31 crore. Face value per share is Rs 2.
Bombay Dyeing & Manufacturing Company said that pursuant to the approval of the committee of the board, the company has entered into an agreement for sale of MIDC land & building and some specific utility machineries of Ranjangaon unit, Maharashtra, at an aggregate value of Rs 174.45 crore on 31 December 2016. The sales also includes a company owned flat at Beach Towers, Prabhadevi, Mumbai for Rs 9.4 crore on 31 December 2016.
Bombay Dyeing & Manufacturing Company reported net loss of Rs 71.21 crore in Q2 September 2016, higher than net loss of Rs 65.64 crore in Q2 September 2015. Net sales declined 1.6% to Rs 421.58 crore in Q2 September 2016 over Q2 September 2015.
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Bombay Dyeing & Manufacturing Company is engaged in textile, polyester and real estate business segments.
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