Saturday, August 4, 2012

Century Textiles returns to profits in Q1, stock up 6%


Century Textiles and Industries  has reported a net profit of Rs 2.4 crore in the quarter ended June 2012 as against loss of Rs 23.9 crore in the previous quarter and profit of Rs 23.9 crore in a year ago period.

Net sales increased 18% year-on-year to Rs 1,372.5 crore from Rs 1,164 crore.

The stock gained as much as 7% to touch an intraday high of Rs 311 on Wednesday, before closing at Rs 307.75 with a gain of 6%..

Even trading volumes spiked 1140% to 10,96,843 equity shares as compared to its 5-day average of 88,462 shares.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

No comments:

Post a Comment