Bombay Dyeing & Manufacturing Company is planning to foray into manufacturing and marketing of textiles upholstery and curtains. At present, the bed and bath products have been the mainstay of the company's textiles business. Within that segment, the company has brought in new products- the latest being the mattresses.
Moreover, the launch of the new products could take place early next year. The entry of Bombay Dyeing into upholstery and curtains would mean introduction of tailoring services at retail points.
Further, the company has planned to increase own retail outlets to 50 from the current 22 in the domestic market. It is also experimenting with larger format of the stores to stock and display expanded product portfolio. The company has around 450 stores in the country, predominantly owned by franchisees
The company is engaged in manufacturing wide range of cotton suitings, polyester cotton suitings, shoe lining and duck fabrics, satin furnishings, yarn dyed fabrics, towels, table tops and napkins, satin bed sets, etc.Textile manufacturing is main activity of Bombay Dyeing with 5 manufacturing facilities confirming to international standards.
The promoters holding in the company stood at 52.35% while Institutions and Non-Institutions held 19.78% and 26.51% respectively.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 87.55 and a 52 week low of Rs 43.30
Current price of stock is Rs 69.65, up by 0.15 points from its previous closing of Rs 69.50 on the BSE.
No comments:
Post a Comment