Shares of Bombay Dyeing & Manufacturing surged 6.5 per cent recently trade. The company has reported profit of Rs. 1,253.33 cr in Q4FY19 against loss of Rs. 159.38 cr in Q3FY19. Revenue of the company increased to Rs. 2,786.36 cr against Rs. 413.32 cr on qoq basis. Revenue from polyesters stood at Rs. 367.30 cr and retail and textile divisions at Rs. 65.31cr.
The company’s board recommended a dividend of Rs. 1.50 per equity share of Rs. 2 each for the financial year ended March 31, 2019. Bombay Dyeing & Manufacturing Company Ltd. is currently trading at Rs. 127.60, up by Rs. 7.5 or 6.24 per cent from its previous closing of Rs. 120.10 on the BSE. The scrip opened at Rs. 134 and has touched a high and low of Rs. 134 and Rs. 126.20 respectively.