Century Plyboards is currently trading at Rs. 51.50, up by 0.35 points or 0.68% from its previous closing of Rs. 51.15 on the BSE.
The scrip opened at Rs. 51.50 and has touched a high and low of Rs. 51.50 and Rs. 51.50 respectively. So far 25 shares were traded on the counter.
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. 55.00 and Rs. 50.50 respectively. The current market cap of the company is Rs. 1144.19 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 has decided to operationalise two units - one at Kandla in Gujarat and another in Myanmar by the end of the fiscal, as a part of the group’s Rs 2,000-crore expansion plan. It aims to invest Rs 75 crore in Kandla unit, while the unit in Myanmar will entail an investment of Rs 50 crore. Each unit has a production capacity of 25,000 sq meter of plywood a day. The company will take help of local partner for its Myanmar project.
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.