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Century Textiles declines despite reporting 49% rise in Q3 net profit

28 Jan 2019 Evaluate

Century Textiles and Industries is currently trading at Rs. 821.85, down by 13.45 points or 1.61% from its previous closing of Rs. 835.30 on the BSE.

The scrip opened at Rs. 835.30 and has touched a high and low of Rs. 835.30 and Rs. 792.00 respectively. So far 132040 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1438.50 on 29-Jan-2018 and a 52 week low of Rs. 718.25 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 897.00 and Rs. 792.00 respectively. The current market cap of the company is Rs. 8868.08 crore.

The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 26.62% and 23.17% respectively.

The company has reported a rise of 49.29% in its net profit at Rs 134.27 crore for third quarter ended December 31, 2018 as compared to Rs 89.94 crore for the same quarter in the previous year. However, total income of the company decreased by 7.38% at Rs 957.22 crore for Q3FY19 as compared Rs 1,033.46 crore for the corresponding quarter previous year.

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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