Century Textiles & Industries surged 8.21% to Rs 1,021 at 15:16 IST on BSE, with the stock extending post-result gains triggered by the company reporting turnaround results in Q2 September 2016.
Meanwhile, the BSE Sensex was down 67.06 points or 0.24% at 27,863.15.
On BSE, so far 6.79 lakh shares were traded in the counter as against average daily volume of 1.83 lakh shares in the past one quarter. The stock hit a high of Rs 1,037.25 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 948.50 so far during the day. The stock had hit a 52-week low of Rs 403.80 on 29 February 2016. The stock had underperformed the market over the past one month till 30 October 2016, advancing 0.08% compared with 0.23% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 35% as against Sensex's 0.43% fall.
The large-cap company has equity capital of Rs 111.70 crore. Face value per share is Rs 10.
Shares of Century Textiles & Industries have spurted 12.32% in two trading sessions from its close of Rs 909 on 28 October 2016, after the company announced turnaround results after market hours on 28 October 2016. The stock had risen 3.79% to settle at Rs 943.50 on 30 October 2016. The stock market was closed yesterday, 31 October 2016 for a holiday.
Century Textiles & Industries reported net profit of Rs 41.10 crore in Q2 September 2016 compared with net loss of Rs 31.45 crore in Q2 September 2015. Net sales declined 3.4% to Rs 1816.91 crore in Q2 September 2016 over Q2 September 2015.
Century Textiles & Industries is a trendsetter in cotton textiles and also has a remarkable presence in the yarn, denim, viscose filament rayon yarn, tyre cords, caustic soda, sulphuric acid, salt, cement, and pulp and paper industries.
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