Century Textiles drops on profit booking

Century Textiles & Industries fell 2.84% to Rs 763.50 at 14:22 IST on BSE, with the stock sliding on profit booking after a recent two-day rally.

Meanwhile, the S&P BSE Sensex was down 15.40 points or 0.05% at 29,029.04.

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 2.05 lakh shares in the past one quarter.

The stock hit a high of Rs 784 and a low of Rs 755.65 so far during the day. The stock had hit a 52-week high of Rs 793.35 on Monday, 13 April 2015. The stock had hit a 52-week low of Rs 328.70 on 30 April 2014.

The stock had outperformed the market over the past one month till 13 April 2015, advancing 37.13% compared with Sensex's 1.9% rise. The scrip had also outperformed the market in past one quarter, jumping 43.15% as against Sensex's 5.9% rise.

The mid-cap company has equity capital of Rs 93.04 crore. Face value per share is Rs 10.

Shares of Century Textiles & Industries had rallied 12.68% in prior two trading sessions to settle at Rs 785.80 on Monday, 13 April 2015, from a recent low of Rs 697.35 on 9 April 2015. The stock market was closed yesterday, 14 April 2015 on account of Dr. Baba Saheb Ambedkar Jayanti.

Century Textiles & Industries reported net loss of Rs 63.58 crore in Q3 December 2014 as against net profit of Rs 1.58 crore in Q3 December 2013. Net sales rose 11.7% to Rs 1770 crore in Q3 December 2014 over Q3 December 2013.

Century Textiles & Industries is a trendsetter in cotton textiles and also has a remarkable presence in the yarn, denim, viscose filament rayon yarn, tyre cords, caustic soda, sulphuric acid, salt, cement, and pulp and paper industries.

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