RIL-promoted Alok Industries, Bombay Dyeing and Manufacturing Co, Wockhardt, Suven Life Sciences, Spencers Retail, Inox Wind, Sagar Cements, Restaurant Brands, Religare Enterprises, and Orissa Mineral Development Co, among others also remained in the red for 4 straight quarters.

RIL-backed co, new-age techies among 41 firms to post losses for 4 straight quarters

LIC, Hindalco, HPCL, Zomato, HAL, IRCTC, Adani Total Gas, Aurobindo Pharma, Bajaj Consumer Care, Bombay Dyeing, GIC, Jet Airways, MRF, Page Industries, Suzlon, Voltas, Adani Total Gas, Syngenta, TCS, Techno Electric, Symphony, Uno Minda, IVP, IOB, KIMS, Lupin

Stocks that will see action on February 9, 2023

Apart from Adani Group stocks, LIC’s holdings in companies like Future Lifestyle Fashions, Piramal Enterprises, Omaxe, Indus Towers, Laurus Labs, Jet Airways (India), Sunteck Realty, Bombay Dyeing, GTL Infrastructure, Aurobindo Pharma and Jaypee Infratech among others have also taken a huge beating …

For LIC, Adani is not the biggest problem

Bombay Dyeing & Manufacturing Company said that Care Ratings has assigned “CARE BBB; Stable” rating to the long-term bank facilities and the fixed deposit programme of the company.

Care Ratings assigns “BBB/Stable/A3+” rating to Bombay Dyeing

The matter would be listed for next hearing on January 10, 2023, as per an order passed by the appellate tribunal.

SAT Stays SEBI’s Securities Market Ban On Bombay Dyeing, Wadias

Sebi had fined Bombay Dyeing ₹2.25 cr and the promoters ₹11 cr for misrepre-sentation in statements

SAT stays Sebi order on Bombay Dyeing

Tribunal stays order restraining company and promoters from capital markets for 2 years

SAT relief for Bombay Dyeing and Wadias in Sebi market ban case

Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted

Bombay Dyeing moves SAT against Sebi’s Rs 2.25 cr fine, two-year market ban

Bombay Dyeing & Manufacturing Company reports standalone net loss of Rs 93.07 crore in the September 2022 quarter

Bombay Dyeing & Manufacturing Company reports consolidated net loss of Rs 93.02 crore in the September 2022 quarter

The company had posted a net loss of Rs 93.35 crore in the July-September period a year ago.

Bombay Dyeing & Manufacturing Q2 net loss at Rs 93 crore; revenue up 50% at Rs 745 cr

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bombay Dyeing and Manufacturing Company Limited is engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF). 