Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Apr 16, 2018 08:56 AM IST | Source: Moneycontrol.com

Buy Bombay Dyeing, target Rs 295: Sumit Bilgaiyan

"The company has shifted it's strategy to branded retail segment which will be much profitable business considering the demand for retail branded products. We have buy rating on Bombay Dyeing with target price of Rs 295 in short term. Long term is also looking positive," says Sumit Bilgaiyan, Founder of Equity99.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sumit Bilgaiyan

Bombay Dyeing is a Wadia group company with broadly three business segments - polyester, textile and real estate. Interest in the company is primarily on account of the real estate business, however just to touch upon the other segments, they are the India's fourth largest producers of polyester staple fiber, textile business consists of their "home and you" brand in retail distribution and a manufacturing.

The textile business has a wide range of products such as stylish linen, towels, home furnishing, leisure clothing, kids wear and many more range of products which are available across it 350+ exclusive BDML Retail and 2000+ multi brand outlets.

Close

The revenue of the company has grown at a CAGR of 14 percent over past 5 years due to significant marketing efforts and improved product mix. The company has shifted it's strategy to branded retail segment which will be much profitable business considering the demand for retail branded products.

We have buy rating on Bombay Dyeing with target price of Rs 295 in short term. Long term is also looking positive.

Disclaimer: The author is Founder, Equity99. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Apr 16, 2018 08:56 am
Loading...
NULL int(1)
Sections
Follow us on
Available On
PCI DSS Compliant