Stock market analysts have maintained buy rating on Bombay Dyeing & Manufacturing Company with a target price of Rs 300 within the next three months.

According to analysts, investors can buy the stock between Rs 200-210 with a stop loss of Rs 169.

Shares of the company, on Friday (May 15), closed at Rs 235.50 on the Bombay Stock Exchange (BSE). The total volume of the shares traded was 1,665,657. The share price has seen a 52-week high of Rs 1033 and a low of Rs 110 on BSE.

Analysts also said that the stock looks good, and it will achieve the said target on the back of its healthy growth plans and well-built operating capabilities.

Bombay Dyeing has become the value chain in terms for bedsheets for all income groups because of constant improvements done by it.

The most noted among these modernizations was the appointment of designer Sabyasachi Mukherjee who came up with really artistic designs.

Established in 1879, Bombay Dyeing & Mfg Co is the flagship company of the Wadia Group, which is engaged mainly into the business of Textiles.

The company’s current chairman is Nusli Wadia.

Bombay Dyeing was frequently in the news, despite other things, for a range of arguments surrounding its fight with the late Dhirubhai Ambani of Reliance Industries Limited and with Calcutta based jutebaron Arun Bajoria.

The company sponsors various events that consist of Bombay Dyeing Gladrags Mrs. India contest.