Century Plyboards (India) is currently trading at Rs 59.70, up by 0.80 points or 1.36% from its previous closing of Rs 58.90 on the BSE.
The scrip opened at Rs 62.50 and has touched a high and low of Rs 63.50 and Rs 59.30 respectively. So far 23091 shares were traded on the counter.
The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 71.30 on 06-Nov-2012 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 63.50 and Rs 56.65 respectively. The current market cap of the company is Rs 1326.37 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 (CPIL) is planning to start its 25,000 sq metres a day plywood unit in Myanmar capital Yangon, by March 2013. The plant will be established on 11 acres of land in an industrial estate on a 30-year renewable lease. The entity is likely to fund this Rs 30-crore project by its internal resources.
The company aims to replace its import of timber from Myanmar with this project. At present, it imports around 35,000 Hopus tonnes of timber from the country. But this source will dry out in 2014 because of a pre-announced timber export ban by the Myanmar Government. CPIL has also secured raw material availability for the project through a quota system as well as auctions.
Company Name | CMP |
---|---|
Century Plyboards(I) | 667.00 |
Greenply Industries | 239.65 |
Greenpanel Inds. | 296.00 |
Archidply Inds | 121.90 |
Duroply Industries | 271.10 |
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