i Develop Stocks Advisory: Call for the DAY is BooOOOOOMBAY DYEING

Thursday, July 26, 2007

Call for the DAY is BooOOOOOMBAY DYEING

The Wadias would be increasing their stake in Bombay Dyeing and Manufacturing Company by picking up 5 per cent stake in the company through a preferential allotment of shares to another group company, Bombay Burmah Company, the company's board decided today. We have earned around Rs 44 crore from the leasing of flat at our Spring Mills compound in Dadar in Mumbai and another Rs 249 crore from sales of flats. The company is selling these flats at Rs 1,790 a square foot. A total of 3,50,00 square feet will be sold as residential property of the total 34,00,000 square feet of area that we will be developing in Worli and Dadar," Wadia said.

Wadia also announced a 50:50 Realty J V with Larsen in the A G M.

This all clearly endorse why our team believe that Bomany Dyeing will touch Rs 1100 in next 3 to 4 months.

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Thursday, July 26, 2007

Call for the DAY is BooOOOOOMBAY DYEING

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