Bombay Dyeing hits upper circuit on NSE block deals
ETMarkets.com|
Updated: Nov 09, 2017, 11.08 AM IST
NEW DELHI: Shares of Bombay Dyeing surged 5 per cent on Thursday after 15.2 lakh shares changed hands in two blocks on NSE at Rs 206.05 per share.
Following the development, the stock gained 5 per cent to hit the upper circuit limit of Rs 205.80 on BSE. It opened at Rs 205.80 and touched an intraday high and low of Rs 205.80 and Rs 204.05 respectively.
The company on Wednesday reported profit at Rs 52.8 crore and income was up 35 per cent at Rs 692.2 crore for the quarter ended September 30, 2017. EBIDTA increased to Rs 168 crore as against 20.7 crore and EBITDA margin was up at 24.3 per cent.
Promoters held 53.69 per cent stake in the company as of September 2017.
On the BSE, 7.42 lakh shares were traded on the counter as compared to a two-week average of 6.35 lakh shares.
The scrip touched its fresh 52-week high of Rs 245.70 on October 11, 2017 and its 52-week low of Rs 41.20 on November 22, 2016.
Following the development, the stock gained 5 per cent to hit the upper circuit limit of Rs 205.80 on BSE. It opened at Rs 205.80 and touched an intraday high and low of Rs 205.80 and Rs 204.05 respectively.
The company on Wednesday reported profit at Rs 52.8 crore and income was up 35 per cent at Rs 692.2 crore for the quarter ended September 30, 2017. EBIDTA increased to Rs 168 crore as against 20.7 crore and EBITDA margin was up at 24.3 per cent.
Promoters held 53.69 per cent stake in the company as of September 2017.
On the BSE, 7.42 lakh shares were traded on the counter as compared to a two-week average of 6.35 lakh shares.
The scrip touched its fresh 52-week high of Rs 245.70 on October 11, 2017 and its 52-week low of Rs 41.20 on November 22, 2016.
