06-06-2024 11:33 AM | Source: Accord Fintech
Century Textiles & Industries zooms as its arm enters into joint venture with Barmalt India

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Century Textiles & Industries is currently trading at Rs. 2075.55, up by 235.00 points or 12.77% from its previous closing of Rs. 1840.55 on the BSE.

The scrip opened at Rs. 1932.05 and has touched a high and low of Rs. 2094.35 and Rs. 1923.40 respectively. So far 35742 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2281.20 on 24-May-2024 and a 52 week low of Rs. 781.25 on 16-Jun-2023.

Last one week high and low of the scrip stood at Rs. 2129.55 and Rs. 1691.50 respectively. The current market cap of the company is Rs. 23231.03 crore.

The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 24.00% and 25.79% respectively.

Century Textiles & Industries’ wholly owned subsidiary -- Birla Estates has entered into a joint venture with Barmalt India for a luxury residential group housing development in Sector 31, Gurugram. The land parcel is spread across 13.27 acres with a development potential of approximately 2.4 million square feet offering a revenue potential of approximately Rs 5000 crore.

Located in the upscale micro market of Sector 31 Gurugram, this project boasts of exceptional connectivity to Cyber City, Golf Course Road, and Sohna Road. It’s also conveniently located close to commercial hubs such as City Centre 29, Signature Towers, 32nd Avenue and Crowne Plaza with easy connectivity via NH-48 as well as the metro line. Regarding infrastructure connectivity, the project is strategically located just off NH-48 offering quick and convenient access to the IGI Airport, Delhi & prime CBD areas of Gurugram. This micro market features premium residential developments, reputed schools and hospitals along with 5 star hotels within the immediate vicinity, ensuring a thriving and vibrant community environment. 

Century Textiles & Industries is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.