Century Textiles & Industries is currently trading at Rs. 923.00, up by 2.75 points or 0.30% from its previous closing of Rs. 920.25 on the BSE.
The scrip opened at Rs. 913.55 and has touched a high and low of Rs. 932.95 and Rs. 913.55 respectively. So far 14519 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1471.85 on 09-Jan-2018 and a 52 week low of Rs. 884.40 on 05-Jun-2018.
Last one week high and low of the scrip stood at Rs. 935.00 and Rs. 884.40 respectively. The current market cap of the company is Rs. 10331.85 crore.
The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 25.86% and 23.93% respectively.
Century Textiles and Industries is planning to grow its real estate business. The company is predicting a capital requirement of Rs 2,000 crore for the development plan of 25 million square feet in five years, to grow real estate venture and expecting the divesting of cement division to help cut debt and provide firepower to invest into real estate and paper business.
The company has a portfolio of land parcels of 30.8 acres at Worli and 132.4 acres at Kalyan in Mumbai and 45 acres at Talegaon in pune, totalling 208.2 acres.
Century Textiles & Industries has a wide portfolio that includes the manufacture of yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.
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