Bombay Dyeing to develop 8lakh sq/feet property, stk up
At 10:06 am, Bombay Dyeing and Manufacturing Company was quoting at Rs 572.95, up Rs 8.35, or 1.48%. The company is going to develop 8lakh sq/feet property in Mumbai, reports AGM. It was trading with volumes of 33,079 shares. On Tuesday the share closed up 4.91% or Rs 26.40 at Rs 564.60.
Bombay Dyeing is increasing its business in other growing export markets, including Europe, South America, Australia and New Zealand. The company’s business is evenly split between domestic sales and the export market. Around 70% of Bombay Dyeing’s exports are to the United States, where its products are sold through diverse retail channels. “The margins in the export business have effected due to sharp rupee appreciation to the entire textile and apparel industry but domestically it hardly makes any impact,” said Gupta.