Buy Bombay Dyeing Manufacturing Company, target Rs 150.: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Bombay Dyeing Manufacturing Company Ltd
with a target price of Rs 150
The current market price of Bombay Dyeing Manufacturing Company Ltd
is Rs 129.4
Time period given by the analyst is Intra Day when Bombay Dyeing Manufacturing Company Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 120
Bombay Dyeing Manufacturing Company Ltd., incorporated in 1879, is a midcap company with a market cap of Rs 2672.56 crore. Bombay Dyeing
Manufacturing Company Ltd
key Products/Revenue Segments include Polyester Staple Fibres which contributed Rs 1502.81 Crore to Sales Value (55.80 % of Total Sales),
Real Estate Development which contributed Rs 1110.18 Crore to Sales Value (41.22 % of Total Sales), Other Operating Revenue which
contributed Rs 49.37 Crore to Sales Value (1.83 % of Total Sales), Lease Rentals which contributed Rs 30.39 Crore to Sales Value (1.12 % of
Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 413.32 Crore, down -50.36 % from last quarter Sales of
Rs 832.62 Crore and down -33.33 % from last year same quarter Sales of Rs 619.93 Crore Company has reported net profit after tax of Rs
-142.76 Crore in latest quarter
Mr.Nusli N Wadia, Mr.R A Shah, Mr.S Ragothaman, Mr.Sunil S Lalbhai, Mr.V K Jairath, Mrs.Gauri Kirloskar
Company has Bansi S
Mehta Co
as its auditoRs As on 31-12-2018, the company has a total of 206,534,900 shares outstanding.