16-07-2024 10:17 AM | Source: Accord Fintech
Century Textiles soars as its arm to expand footprint in NCR region with land acquisition in Gurugram

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Century Textiles & Industries is currently trading at Rs. 2228.85, up by 128.15 points or 6.10% from its previous closing of Rs. 2100.70 on the BSE.

The scrip opened at Rs. 2157.90 and has touched a high and low of Rs. 2270.40 and Rs. 2148.15 respectively. So far 9736 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2419.20 on 02-Jul-2024 and a 52 week low of Rs. 901.75 on 19-Jul-2023.

Last one week high and low of the scrip stood at Rs. 2289.95 and Rs. 2095.05 respectively. The current market cap of the company is Rs. 23463.91 crore.

The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 24.26% and 25.53% respectively.

Century Textiles & Industries’ wholly owned subsidiary -- Birla Estates is all set to expand its footprint in NCR region with a strategic land acquisition in Sector 71, Gurugram. This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over Rs 1400 plus crore with aesthetically designed residences.

Redefining the Gurugram skyline, the luxury high-rise residential towers will be complemented by elegantly designed clubhouse amenities and landscape. Situated on Southern Peripheral Road (SPR) Road in Sector 71, this prime location offers exceptional connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road along with proximity to top educational institutions, hospitals, as well as F&B, retail, and commercial centers.

Birla Estates is rapidly expanding in NCR market with this new acquisition adding to its projects in Golf course extension road and Sector 31 in Gurugram and Mathura Road in Delhi. 

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