Century Plyboards soars on plan to set up 111 outlets

22 Aug 2012

Century Plyboards is currently trading at Rs. 52.60, up by 1.60 points or 3.14% from its previous closing of Rs. 51.00 on the BSE.

The scrip opened at Rs. 51.10 and has touched a high and low of Rs. 52.60 and Rs. 51.10 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 70.00 on 26-Oct-2011 and a 52 week low of Rs. 44.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 52.60 and Rs. 50.00 respectively. The current market cap of the company is Rs. 1168.63 crore.

The promoters holding in the company stood at 72.88% while Institutions and Non-Institutions held 0.97% and 26.15% respectively. 

Century Plyboards, after foraying into the readymade furniture retail business, is planning to establish 111 outlets in coming next five years. In this regard, the company will invest Rs 100 crore.

Meanwhile, the company has unveiled Nesta Furniture, a chain of complete home lifestyle solutions for Indian customers, with a target of garnering a turnover of Rs 500 crore with an initial investment of Rs 100 crore.

Century Plyboards is engaged in the manufacture of a wide range of plywood such as Architect, BWR Flexible Decorative, Marine Grade and MR Grade Commercial Ply, among others. It manufactures three types of adhesive such as Centuryply Adhesive SH, Centuryply DDL Binder and Century ply SR Adhesive for various surfaces.

Related Century Plyboards (India) Ltd. Links:

Century Plyboards(I) Share Price

306.30 -2.55 (-0.83%) Feb 26, 18:55
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