India's Bombay Dyeing continues drop after Q4 loss widens

Bombay Dyeing And Mfg

05/05/2023 05:20

** Shares of Bombay Dyeing and Manufacturing Co Ltd
 BDYN.NS  down 2.3%, falling for 4th session in a row
    ** Real-estate developer and textile maker posted a Q4 loss
of 2.46 bln rupees ($30.12 mln) vs 417.4 mln rupees a yr ago
    ** Wadia Group-owned company's revenue grew 12.1% but
expenses grew 41%
    ** The 4-day slide comes after the stock rallied 74% since
hitting a two-year low in March 28
    ** That rally has helped the stock to still remain ~6%
higher for the year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))