Century Textiles and Industries has rallied 11% to Rs 394, extending its Friday’s 6% surge, ahead of board meeting today to consider fund raising proposals.
A meeting of the board of directors of the company is scheduled to be held on May 05, 2014, to consider fund raising proposals, Century Textiles said in a statement.
The board shall also consider audited accounts for the year ended March 31, 2014 and recommendation of dividend on equity shares, if any, it added.
The company had reported a net profit of Rs 1.58 crore for the quarter ended December 31, 2013 against a loss of Rs 29.19 crore in the corresponding quarter of previous year.D
The stock opened at Rs 365 and touched a 52-week high of Rs 409 on the NSE. The counter has seen huge trading activity, with a combined 3.3 million shares already changed hands till 0945 hours, as against an average sub 2 million shares that were traded daily in the past two weeks on the NSE and BSE.
A meeting of the board of directors of the company is scheduled to be held on May 05, 2014, to consider fund raising proposals, Century Textiles said in a statement.
The board shall also consider audited accounts for the year ended March 31, 2014 and recommendation of dividend on equity shares, if any, it added.
The company had reported a net profit of Rs 1.58 crore for the quarter ended December 31, 2013 against a loss of Rs 29.19 crore in the corresponding quarter of previous year.D
The stock opened at Rs 365 and touched a 52-week high of Rs 409 on the NSE. The counter has seen huge trading activity, with a combined 3.3 million shares already changed hands till 0945 hours, as against an average sub 2 million shares that were traded daily in the past two weeks on the NSE and BSE.