Century Textiles hits record high after stellar Q1 results

Century Textiles & Industries surged 4.8% to Rs 1,282.55 at 14:30 IST on BSE after net profit spurted 1761.3% to Rs 120.24 crore on 0.97% increase in total income to Rs 2342.76 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 8 August, 2017.

Meanwhile, the S&P BSE Sensex was down 213.06 points, or 0.66% at 32,060.61.

High volumes were witnessed on the counter. On the BSE, 4.36 lakh shares were traded on the counter so far as against the average daily volumes of 68,696 shares in the past one quarter. The stock had hit a high of Rs 1,291.50 so far during the day, which is also its record high. The stock hit a low of Rs 1,186.60 so far during the day. The stock had hit a 52-week low of Rs 663 on 16 August 2016.

The stock had outperformed the market over the past one month till 7 Aug 2017, advancing 8.14% compared with the Sensex's 2.91% rise. The scrip had also outperformed the market over the past one quarter advancing 36.36% as against the Sensex's 8.09% rise. The scrip had also outperformed the market over the past one year advancing 73.56% as against the Sensex's 14.94% rise.

The large-cap company has equity capital of Rs 111.70 crore. Face value per share is Rs 10.

Century Textiles and Industries is engaged in the business of textiles, rayon, cement, real estates, and pulp and paper.

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