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Century Textiles surges 15%, hits record high on robust Q1 results

In Q1FY22, the company reported a consolidated net profit of Rs 25 crore as against a net loss of Rs 36 crore in the year-ago quarter.

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SI Reporter Mumbai
Shares of Century Textiles and Industries moved higher by 15 per cent to Rs 783.80, also its record high on the BSE in intra-day trade on Wednesday after the company reported a consolidated net profit of Rs 25 crore for the quarter ended June 2021 (Q1FY22), on the back of strong operational performance. The company had posted a consolidated net loss of Rs 36 crore in Q1FY21.

The stock rebound 17 per cent from its intra-day low of Rs 668.85 to surpass its previous high of Rs 736 touched on July 19, 2021. In comparison, the S&P BSE Sensex was down