Century Textiles gains on bargain hunting

Century Textiles & Industries rose 3.18% to Rs 635.80 at 15:22 IST on BSE on bargain hunting after the stock dropped 17.45% in the preceding three trading sessions to Rs 616.20 on 7 May 2015, from a recent high of Rs 746.50 on 4 May 2015.

Meanwhile, the BSE Sensex was up 496.50 points, or 1.87%, to 27,095.61

On BSE, so far 3.41 lakh shares were traded in the counter, compared with an average volume of 2.99 lakh shares in the past one quarter.

The stock hit a high of Rs 643.25 and a low of Rs 620.50 so far during the day. The stock hit a 52-week high of Rs 793.35 on 13 April 2015. The stock hit a 52-week low of Rs 374.20 on 8 May 2014.

The stock had underperformed the market over the past one month till 7 May 2015, falling 15.12% compared with 6.72% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 21.85% as against Sensex's 7.38% fall.

The mid-cap company has an equity capital of Rs 101.52 crore. Face value per share is Rs 10.

Century Textiles & Industries reported net profit of Rs 11.81 crore in Q4 March 2015 as compared to net loss of Rs 4.90 crore in Q4 March 2014. Net sales rose 13.1% to Rs 2035.93 crore in Q4 March 2015 over Q4 March 2014.

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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