Use Bombay to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals
As returns on market increase, Bombay returns are expected to increase less than the market. However during bear market, the loss on holding Bombay will be expected to be smaller as well.
BRFL Bombay#INE589G01011INBombay Rayon Fashion Limited
The median price of Bombay for the period between Fri, Apr 26, 2013 and Sun, May 26, 2013 is 238.9 with a coefficient of variation of 1.17. The daily time series for the period is distributed with a sample standard deviation of 2.79, arithmetic mean of 239.44, and mean deviation of 2.2. The Stock did not receive any noticable media coverage during the period.
Bombay Rayon Fashion Limited [BRFL] is traded on Bombay Stock Exchange in India. It is located in Mumbai, and employs 26,519 people. The company currently falls under 'Large-Cap' category with current market capitalization of 32.82 B. Bombay Rayon Fashion Limited operates under Industrial Goods sector and is part of Textile Industrial industry. This company has 134.6 M outstanding shares.
Bombay Rayon Fashion Limited, a vertically integrated textile company, engages in the manufacture and sale of a range of fabrics and garments under the Bombay Rayon name in India. more
Pravin Shah Independent Non-Executive Director, MBA
Anand Mundra Executive Director of Fin., Non-Independent and Executive Director, Member of Audit Committee and Member of Shareholders/Investors Grievance Committee
M Agrawal Non-Executive Non-Independent Director, MBA
Prashant Agarwal Managing Director, Director and Member of Shareholders/Investors Grievance Committee
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