“BOMBAY DYEING is looking bullish on Daily Charts & Bullish crossover in MACD and strong reading at CCI shows strong bullish trend, therefore I recommend traders to go long around 161.30 with a price target of around 167 & Stop loss should be placed below 153”
Bombay Dyeing is Flagship Company of the Nusli Wadia Group that was established in 1879. It was started by Nowrosjee Wadia, who began the operations on small scale with cotton yarn spun dip dyed in three colours turkey red, green and orange and later was laid out in sun to dry.
Presently it has a distribution chain of over 600 exclusive stores across the country. It is engaged into manufacturing textile and chemicals. Bombay Dyeing is country largest exporter of textiles.
The Company is also geared up towards complying with RERA requirements to give the clients a transparent
and fully compliant project coupled with the surety of timely delivery with world class construction quality.
On visible evidence of construction activity, sales enquiries have improved.
Company has been maintaining a healthy dividend payout of 27.26%