Century Textiles and Industries' stock surges ~5% owing to robust Q2FY23 numbers

27 Oct 2022 , 01:18 PM

Century Textiles and Industries Limited posted a 59.38% yoy rise in consolidated net profit at Rs69.97 crore for the quarter ended September 30, 2022, against a net profit of Rs43.90 crore in Q2FY22.

The company’s overall operating income increased to Rs1,242.11 crore from Rs1,034.27 crore in the previous year’s similar quarter. Total costs increased to Rs1,125.25 crore from Rs972.08 crore.

The company is engaged in textiles, pulp and paper, and real estate.

At around 1.16 PM, Century Textiles and Industries was trading at Rs851.75 up by 4.62% from its previous closing of Rs814.10 on the BSE. The scrip touched intraday high and low of Rs857.20 and Rs835.55 respectively.

According to Trendlyne data, the stock’s maximum target goes upto Rs 1130, representing an upside potential of about 38.8% from current pricing.

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