Century Textiles hits 52-week low

Meanwhile, the S&P BSE Sensex was down 262.67 points or 1.35% at 19,233.15.

On BSE, 19,000 shares were traded in the counter as against average daily volume of 1.08 lakh shares in the past one quarter.

The stock hit a low of Rs 235.10 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 250.20 so far during the day. The stock had hit a 52-week high of Rs 470 on 6 December 2012.

The stock had outperformed the market over the past one month till 5 July 2013, sliding 10.67% compared with the Sensex's 0.37% fall. The scrip had also underperformed the market in past one quarter, declining 9.94% as against Sensex's 5.67% gain.

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

Before turning ex-dividend, the stock offered a dividend yield of 2.16% based on the closing price of Rs 254.55 on Friday, 5 July 2013.

Century Textiles & Industries reported net profit of Rs 17.95 crore in Q4 March 2013, as against net loss of Rs 23.89 crore in Q4 March 2012. Net sales rose 23.7% to Rs 1577.34 crore in Q4 March 2013 over Q4 March 2012.

Century Textiles & Industries is a diversified firm with business interest in cotton textiles, yarn, denim, viscose filament yarn, industrial yarn, cement and paper.

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