Century Plyboards (India) fell 1.87% to Rs 188.80 at 11:30 IST on BSE, with the stock sliding on profit booking after net profit jumped 109.6% to Rs 41.37 crore on 25.8% growth in net sales to Rs 381.85 crore in Q3 December 2014 over Q3 December 2013
The Q3 result was announced after market hours yesterday, 21 January 2015.
Meanwhile, the S&P BSE Sensex was up 111.79 points or 0.39% at 29,000.65.
On BSE, so far 1.80 lakh shares were traded in the counter as against average daily volume of 1.51 lakh shares in the past one quarter.
The stock hit a high of Rs 195.80 and a low of Rs 185 so far during the day. The stock had hit a record high of Rs 198.95 yesterday, 21 January 2015. The stock had hit a 52-week low of Rs 22.05 on 3 March 2014.
The stock had outperformed the market over the past one month till 21 January 2015, advancing 23.02% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, jumping 67.89% as against Sensex's 8.7% rise.
The mid-cap company has equity capital of Rs 22.22 crore. Face value per share is Re 1.
Shares of Century Plyboards (India) had witnessed a pre-result rally. The stock had surged 11.18% to settle at Rs 192.40 yesterday, 21 January 2015.
Century Plyboards (India)'s board of directors at its meeting held yesterday, 21 January 2015, approved a proposal for setting-up a particle board unit at Chennai with an approximate capital expenditure of Rs 60 crore.
Century Plyboards (India) manufactures, sells, and exports plywood and veneer. The company offers commercial, marine, concrete, shuttering, and decorative plywood.
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