Bombay dyeing & Manufacturing Co.

RECOMMENDATION – BUY
CURRENT PRICE – 379
TARGET – 500
TIME FRAME – 1 to 2 months

COMPANY BASIC INFORMATION

ISIN Id – INE032A01015
BSE Id – 500020
NSE Id – BOMDYEING
INDUSTRY – Diversified
Market Cap – 1,495.25
Book Value – 43.73
EPS (TTM) -
Price/Book – 8.85
Face Value – 10.00
P/E -
Div(%) – 10.00
Industry P/E – 13.07
P/C -
Div Yield (%) – 0.26

STOCK PRICE HISTORY( NSE)

All Time High – 1064.90
All Time Low – 30.50
52 Week High – 451.00
52 Week Low – 110.60

DAILY CHART-

Recommendation-

The correction in the stock pushed it below the trend line (support line) but before any major damage it climbed back on the line and buyers started pumping money. It has given a breakout from its intermediate down sloping return/resistance line today. A closer look at the price also reveals formation of double bottom pattern. At the current levels the stock is fairly poised for an up move and therefore we recommend a Buy on the Stock around 380 levels with a closing stop loss below 350 for a target of Rs. 500.