/ Bombay Dyeing Surges Nearly 2% As Board Recommends Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 June 2017

Textile sector player, Bombay Dyeing & Mfg Company surged nearly 2% at Rs 83.30 per share on BSE during the morning hours of trade.

The company’s board has recommended a dividend of Rs 0.70 per equity share for the financial year ended March 31, 2017.

The stock on NSE has attracted traded volume of 6,60,737 shares, a traded value of Rs 546.63 lakhs.

On a yearly basis, the stock has outperformed BSE Small-cap index and BSE 500 index.

As per market observers, the company has been maintaining a healthy dividend payout of 32.33%.

The Bombay Dyeing and Manufacturing Company Limited is a holding company engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF).  

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