Small Business

Bombay Dyeing: Banking on realty

Surf"s up for Bombay Dyeing as its real estate projects and domestic textile demand take-off The textile manufacturer is back in the news with two more Central Mumbai real-estate projects launched in December 2009. The renewed interest in the stock is based on analyst observations that the company is seriously considering restructuring its loss-making polyester business which has been a weak link so far. The textile segment is also poised for a turnaround, according to analysts, as domestic demand has picked up although exports are still soft.


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Markets firm in morning trades
The markets have opened in the positive, mirroring the gains in the US and firmness across Aia. The Sensex is quoting at 17589, higher by 103 points and the Nifty is at 5254, up 29 points.
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