Century Textiles hits 52-week high ahead of board meet
The board meeting will consider fund raising proposals, and audited accounts for the year ended March 31, 2014.
Century Textiles and Industries has rallied 11% to Rs 394, extending its Friday’s 6% surge, ahead of board meeting today to consider fund raising proposals.
A meeting of the board of directors of the company is scheduled to be held on May 05, 2014, to consider fund raising proposals, Century Textiles said in a statement.
The board shall also consider audited accounts for the year ended March 31, 2014 and recommendation of dividend on equity shares, if any, it added.
The company had reported a net profit of Rs 1.58 crore for the quarter ended December 31, 2013 against a loss of Rs 29.19 crore in the corresponding quarter of previous year.D
The stock opened at Rs 365 and touched a 52-week high of Rs 409 on the NSE. The counter has seen huge trading activity, with a combined 3.3 million shares already changed hands till 0945 hours, as against an average sub 2 million shares that were traded daily in the past two weeks on the NSE and BSE.
A meeting of the board of directors of the company is scheduled to be held on May 05, 2014, to consider fund raising proposals, Century Textiles said in a statement.
The board shall also consider audited accounts for the year ended March 31, 2014 and recommendation of dividend on equity shares, if any, it added.
The company had reported a net profit of Rs 1.58 crore for the quarter ended December 31, 2013 against a loss of Rs 29.19 crore in the corresponding quarter of previous year.D
The stock opened at Rs 365 and touched a 52-week high of Rs 409 on the NSE. The counter has seen huge trading activity, with a combined 3.3 million shares already changed hands till 0945 hours, as against an average sub 2 million shares that were traded daily in the past two weeks on the NSE and BSE.