Century Textiles hits fresh 52-week high, surges 40% in 3 months

The management is confident of sustaining and improving its performance in the second half (October- March) of the year on the back of revenue enhancement measures

Shares of Century Textiles & Industries gained 3 per cent to hit a fresh 52-week high of Rs 553 on the BSE on Tuesday amid expectations of improved financial performance in the second half of the current financial year (H2FY20). The company is scheduled to announce Q3FY20 results on January 28, 2020.

The stock of the BK Birla Group company has zoomed 40 per cent in the past three months, after it turned ex-date on October 11, 2019 for the demerger of cement division and its merger into UltraTech Cement.

In the July-September quarter (Q2FY20), Century Textiles had