Buy Century Textiles, price target Rs 520: CK Narayan

CK Narayan of Chart Advise has a buy call on Century Textiles & Industries Ltd. with a target price of Rs 520. The current price of Century Textiles & Industries Ltd. is Rs 513.65. Time period given by the analyst is Intra Day when Century Textiles & Industries Ltd. price can reach defined target. CK Narayan recommended to keep a stop loss at Rs 500.

Century Textiles & Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 5673.58 Crore) operating in Cement sector.

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.