Bombay Dyeing Reports Loss In March Quarter, Stock Edges Lower

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Bombay Dyeing was final buying and selling 2.09 per cent decrease at Rs 67.80 on the BSE.

Share value of Bombay Dyeing edged decrease by greater than two per cent on Thursday, April 29, a day after the corporate introduced its January-March quarter outcomes for the monetary yr 2020-21. On Thursday, Bombay Dyeing opened on the BSE at Rs 68.80, touching an intra day excessive of Rs 69.20 and an intra day low of Rs 66.35, within the buying and selling session to date. According to a regulatory submitting by the corporate to the BSE on April 28, Bombay dyeing reported a loss at Rs 166.74 crore within the March quarter of fiscal 2020-21, in comparison with a revenue of Rs 48.57 crore within the corresponding quarter final yr.

Bombay Dyeing is claimed to be the nation’s largest producer of textiles and it’s the flagship firm of the Wadia Group. According to the assertion, Bombay Dyeing’s income from operations on a standalone foundation, stood at Rs 498.95 crore within the March quarter, in comparison with Rs 313.10 crore in the identical quarter final yr.

On the NSE, Bombay Dyeing opened at Rs 69, touching an intra day excessive of Rs 69.35 and an intra day low of Rs 67.20, within the buying and selling session to date. It was final buying and selling 2.17 per cent decrease at Rs 67.70 on the NSE. 

Bombay Dyeing was final buying and selling 2.09 per cent decrease at Rs 67.80 on the BSE.



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