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Rumours of Bombay Rayon actively looking to enter the retail format (a la Raymond style) has been driving interest in the company's stock in the recent past. The stock, which has appreciated by 31 per cent month on month, has witnessed a 11 per cent gain week on week.

As per market talk, the company is likely to enter into an agreement with a real-estate developer to retail at its malls.

The company has in the past indicated its interest in taking the retail route.

The stock of Bombay Rayon ended 3.64 per cent higher at Rs 216.25 on the BSE. A total of 1.13 crore shares were traded on Wednesday as against the two-week average quantity of 6,41,293 shares.

Deeptha Rajkumar

More Stories on : Stock Markets | Stocks | Textiles | Retailing | Ear to the ground

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