Bombay Dyeing and Manufacturing Company witnessed a rise in share price on Monday after the company has entered into an agreement on December 31, 2016 for sale of MIDC Land & Building and some specific utility machineries of Ranjangaon unit situated at Ranjangaon, District - Pune, Maharashtra, at an aggregate value of Rs 1.74 billion.

This step has been taken pursuant to the approval of the committee of the board the company.

Shares of Bombay Dyeing and Manufacturing Company are trading at Rs 48.70, up Rs 1.45, or 3.07% at the Bombay Stock Exchange (BSE) on Monday at 10:42 a.m.

The scrip has touched an intra-day high of Rs 49.90 and low of Rs 48.60. The total volume of shares traded at the BSE is 133,457.

Total volume of shares traded on the bourses today was lower by 26.61% to 737,037 compared with 22-day average volume of 1,004,239.