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Century Plyboards (India) spurts after turnaround Q3 earnings

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Capital Market

Century Plyboards (India) jumped 8.2% to Rs 27.70 at 10:49 IST on BSE after the company reported net profit of Rs 19.74 crore in Q3 December 2013 as compared to net loss of Rs 8.23 crore in Q3 December 2012.

The company announced Q3 results after market hours on Monday, 20 January 2014.

Meanwhile, the BSE Sensex was up 65.48 points or 0.31% to 21,270.53

On BSE, so far 1.01 lakh shares were traded in the counter as against average daily volume of 1.03 lakh shares in the past one quarter.

The stock hit a high of Rs 28.20 and a low of Rs 27.30 so far during the day. The stock had hit a 52-week high of Rs 61 on 29 January 2013. The stock had hit a 52-week low of Rs 23.15 on 30 August 2013.

 

The stock had outperformed the market over the past one month till 20 January 2014, rising 2.81% compared with the Sensex's 0.59% rise. The scrip, however, underperformed the market in past one quarter, falling 9.38% as against Sensex's 1.54% rise.

The small-cap company has an equity capital of Rs 22.22 crore. Face value per share is Re 1.

Century Plyboards (India)'s net sales rose 10.1% to Rs 303.50 crore in Q3 December 2013 over Q3 December 2012.

Century Plyboards (India) manufactures, sells, and exports plywood and veneer. The company offers commercial, marine, concrete, shuttering, and decorative plywood.

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First Published: Jan 21 2014 | 10:53 AM IST

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