Century Textiles zooms 30% in 2 months post demerger of cement division

The firm said that post demerger, its debt/EBITDA ratio is at a healthy 1.85, paving way for further growth in the businesses.

Shares of Century Textiles & Industries hit a fresh 52-week high of Rs 515, up 5 per cent on Monday, having surged 9 per cent in the past two trading days, in an otherwise range-bound market on the BSE on expectation of a healthy financial performance going forward.

The stock of the BK Birla Group company has zoomed 30 per cent in the past two months, after it turned ex-date on October 11, for demerger of cement division and its merger into UltraTech Cement. The shareholders of Century Textiles & Industries got 1 new equity share of UltraTech for every