Buy Century Textiles & Industries, target Rs 966: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Century Textiles & Industries Ltd. with a target price of Rs 966. The current market price of Century Textiles & Industries Ltd. is Rs 929.25. Time period given by the analyst is Intra Day when Century Textiles & Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 915. Century Textiles & Industries Ltd., incorporated in 1897, with a market cap of Rs 10379.32 crore.

Century Textiles & Industries Ltd. key Products/Revenue Segments include Cement & Clinker which contributed Rs 7949.48 Crore to Sales Value (94.80 % of Total Sales), Other Operating Revenue which contributed Rs 265.27 Crore to Sales Value (3.16 % of Total Sales), Lease Rentals which contributed Rs 142.66 Crore to Sales Value (1.70 % of Total Sales), Scrap which contributed Rs 14.98 Crore to Sales Value (0.17 % of Total Sales) and Export Incentives which contributed Rs 12.62 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 940.87 Crore, down -51.74 % from last quarter Sales of Rs 1949.77 Crore and down -53.05 % from last year same quarter Sales of Rs 2003.79 Crore Company has reported net profit after tax of Rs 134.27 Crore in latest quarter. The company’s top management includes Mr.B K Birla, Mr.Kumar Mangalam Birla, Mr.Pradip Kumar Daga, Mr.R K Dalmia, Mr.Rajan A Dalal, Mr.Sohanlal K Jain, Mr.Yazdi P Dandiwala, Mrs.Rajashree Birla. Company has SRBC & Co LLP as its auditoRs As on 31-03-2019, the company has a total of 111,695,680 shares outstanding.