Century Textiles & Industries is currently trading at Rs. 647.00, up by 8.00 points or 1.25% from its previous closing of Rs. 639.00 on the BSE.
The scrip opened at Rs. 646.50 and has touched a high and low of Rs. 650.00 and Rs. 642.00 respectively. So far 43984 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.50 on 24-Jul-2014 and a 52 week low of Rs. 328.70 on 30-Apr-2014.
Last one week high and low of the scrip stood at Rs. 650.00 and Rs. 549.25 respectively. The current market cap of the company is Rs. 5945.62 crore.
The promoters holding in the company stood at 40.23% while Institutions and Non-Institutions held 20.66% and 38.79% respectively.
Century Textiles has allotted 8.47 million shares to the promoter companies, Thus, Kumar Mangalam Birla family’s stake increased by around 8 per cent in the company. The promoters currently own 40% stake in the company and the promoter companies were allotted warrants on preferential basis in June 2014 and had paid 25% of the subscription money.
The promoter companies paid balance 75% of the warrant price and have requested conversion of warrants into equity shares. The company was earlier managed by BK Birla, Kumar Mangalam’s grandfather but due to advanced age, its Kumar Mangalam Birla who is now leading the company.
Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.