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Bombay Dyeing jumps after turnaround Q1 results

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Capital Market
Last Updated : Aug 06 2019 | 12:16 PM IST

Bombay Dyeing & Manufacturing Company rose 3.30% to Rs 72.05 at 11:30 IST on BSE after the company reported consolidated net profit of Rs 27.65 crore in Q1 June 2019 compared with net loss of Rs 83.13 crore in Q1 June 2018.

The announcement was made after trading hours yesterday, 5 August 2019.

Meanwhile, S&P BSE Sensex was up 117.95 points or 0.32% at 36,817.79.

On BSE, 2.59 lakh shares were traded in Bombay Dyeing & Manufacturing Company counter, compared to a 2-week average of 3.15 lakh shares. The stock hit an intraday high of Rs 74.75 and an intraday low of Rs 71. It hit a 52-week high of Rs 284 on 6 August 2018 and a 52-week low of Rs 62.50 on 2 August 2019.

Consolidated net sales surged 63.2% to Rs 648.57 crore in Q1 June 2019 over Q1 June 2018.

Bombay Dyeing & Manufacturing Company is a holding company engaged primarily in the business of real estate development, polyester staple fibre and retail. The company's segments include real estate, polyester and retail/textile.

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First Published: Aug 06 2019 | 11:52 AM IST

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