Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Once Bombay Dyeing starts running, it gets into a circuit type situation. This is the right time to buy it because it has consolidate for last three odd months. So keep a stoploss below Rs 200 and I would not be surprised if you get levels of Rs 300 at some point."
On Friday, Bombay Dyeing and Manufacturing Company ended at Rs 229.60, up Rs 20.20, or 9.65 percent on the BSE.
The share touched its 52-week high Rs 245.70 and 52-week low Rs 45.35 on 11 October, 2017 and 20 December, 2016, respectively.
Currently, it is trading 6.55 percent below its 52-week high and 406.28 percent above its 52-week low.