Century Textiles surges on resuming manufacturing operations at Nainital’s unit

09 Mar 2012 Evaluate

Century Textiles is currently trading at Rs. 314.50, up by 8.95 points or 2.93% from its previous closing of Rs. 305.55 on the BSE.

The scrip opened at Rs. 307.80 and has touched a high and low of Rs. 316.30 and Rs. 307.80 respectively. So far 47135 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.95 on 05-Apr-2011 and a 52 week low of Rs. 215.65 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs. 323.40 and Rs. 289.70 respectively. The current market cap of the company is Rs. 2909.07 crore.

The promoters holding in the company stood at 40.38% while Institutions and Non-Institutions held 23.48% and 35.80% respectively.

Century Textiles & Industries has resumed manufacturing operations at its Pulp & Paper division of the company situate at Lalkua, Dist. Nainital, inUttarakhand with effect from March 09, 2012.

Earlier on December 23, 2011, the company shut the same in order to comply with certain pollution control requirements and other technical reasons. Efforts are being made to resume operations earliest possible.

Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.

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