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Buy Century Textiles & Industries, price target Rs 497: CK Narayan

The analyst suggested a stoploss at Rs 480

ETMarkets.com|
Updated: Dec 09, 2019, 09.16 AM IST
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CK Narayan of Chart Advise has a buy call on Century Textiles & Industries Ltd. with a target price of Rs 497.0 . The current price of Century Textiles & Industries Ltd. is Rs 488.3. Time period given by the analyst is Intra Day when Century Textiles & Industries Ltd. price can reach the defined target. CK Narayan recommended to keep a stoploss at Rs 480.

Century Textiles & Industries Ltd., incorporated in 1897, has a market cap of Rs 5454.10 crore.
Century Textiles & Industries Ltd. key Products/Revenue Segments include Cement & Clinker which contributed Rs 3424.57 Crore to Sales Value (86.90 % of Total Sales), Other Operating Revenue which contributed Rs 284.79 Crore to Sales Value (7.22 % of Total Sales), Lease Rentals which contributed Rs 205.66 Crore to Sales Value (5.21 % of Total Sales), Export Incentives which contributed Rs 21.48 Crore to Sales Value (0.54 % of Total Sales) and Scrap which contributed Rs 4.03 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 851.23 Crore, down -.52 % from last quarter Sales of Rs 855.64 Crore and down -12.69 % from last year same quarter Sales of Rs 974.92 Crore Company has reported net profit after tax of Rs 182.70 Crore in latest quarter.

The company’s top management includes Mr.Jagdish Chandra Laddha, Mr.Kumar Mangalam Birla, Mr.R K Dalmia, Mr.Rajan A Dalal, Mr.Sohanlal K Jain, Mr.Yazdi P Dandiwala, Mrs.Rajashree Birla, Ms.Preeti Vyas. Company has SRBC & Co LLP as its auditors. As on 30-09-2019, the company has a total of 111,695,680 shares outstanding.

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