Synopsis
Century Textiles & Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 18306.92 Crore) operating in Cement sector.

Buy Century Textiles & Industries, target price Rs 1975: Axis Securities

Axis Securities has buy call on Century Textiles & Industries with a target price of Rs 1975. The current market price of Century Textiles & Industries Ltd. is Rs 1640.6.

Century Textiles & Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 18306.92 Crore) operating in Cement sector.

For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1298.33 Crore, up 16.45 % from last quarter Total Income of Rs 1114.88 Crore and up 10.69 % from last year same quarter Total Income of Rs 1172.97 Crore. Company reported net profit after tax of Rs 86.06 Crore in latest quarter.

Promoters held 50.21 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.42 per cent, DIIs 17.3 per cent.

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