Stock of Interest

Posted On: August 16, 2023

Stock Report: BOMDYEING (NSE) 14 Aug 23 

The Bombay Dyeing & Manufacturing Company Limited serves as the leading entity under the Wadia Group, primarily concentrating on India’s textile sector. Nusli Wadia holds the position of chairman, while Jehangir Wadia took over as managing director in 2011, coinciding with Ness Wadia’s resignation as joint MD. Former Tata Group chairman Ratan Tata was a board member until 2013, succeeded by Cyrus Mistry. Bombay Dyeing has gained attention not only for its textile achievements but also for its involvement in controversies, including disputes with Dhirubhai Ambani of Reliance Industries and Calcutta-based jute magnate Arun Bajoria.  

#xCalData predicts #BOMDYEING will continue its Bullish phase over the next five days and trend in the range of 143.0 to 125.0.  

In comparison to the previous month, the price of the stock has experienced an increase of 17.78% indicating a bullish.    

The Stock has doubled twice since 12 Jun 2015 and took an average of 1.2 years to double.     

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratio’s trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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