Century Textiles rises as its arm launches Phase 1 of Birla Trimaya in Bengaluru
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Century Textiles & Industries is currently trading at Rs. 1075.30, up by 8.95 points or 0.84% from its previous closing of Rs. 1066.35 on the BSE.
The scrip opened at Rs. 1069.85 and has touched a high and low of Rs. 1088.95 and Rs. 1069.85 respectively. So far 8441 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1140.00 on 05-Sep-2023 and a 52 week low of Rs. 588.80 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1105.80 and Rs. 997.00 respectively. The current market cap of the company is Rs. 12028.51 crore.
The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 23.32% and 26.48% respectively.
Century Textiles and Industries’ wholly-owned subsidiary -- Birla Estates has successfully launched Phase 1 of Birla Trimaya, Devanahalli, Bengaluru. This initial phase has quickly gained the interest of homebuyers and investors. The project is expected to have a revenue potential of around Rs 3000 crore for the entire project, signifying its strong appeal to the target audience.
Birla Trimaya is thoughtfully designed to cater to diverse needs and includes a range of 1, 2, and 3 BHK apartments and luxurious duplexes across 8 towers. Strategically located near the upcoming BIAL IT Investment Region, this project will attract a diverse range of individuals including high-net-worth and non-resident investors.
Century Textiles & Industries is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.
