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NSEMar 05, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-01-31||Century Textiles & I.. +||HDFC Securities||1386.60||1386.60 (-62.98%)||Results Update|
|2017-08-09||Century Textiles & I.. +||HDFC Securities||1246.85||1246.85 (-58.83%)||Results Update|
Revenue decreased by 0.27% to Rs. 2049.47 Cr in Q1FY18 when compared to the previous quarter Revenue decreased by 0.27% to Rs. 2049.47 Cr in Q1FY18 when compared to the previous quarter
|2017-05-25||Century Textiles & I.. +||HDFC Securities||1058.55||1058.55 (-51.51%)||Results Update|
|2017-02-04||Century Textiles & I.. +||HDFC Securities||909.35||909.35 (-43.55%)||Results Update|
|2015-09-04||Century Textiles & I.. +||Nirmal Bang Institutional||504.00||504.00 (1.85%)|
Nirmal Bang Institutional
We had a meeting with the management of Century Textiles & Industries (CTIL) recently to know the business trend and strategy of the company going forward. Broadly, we believe there is a minor recovery in the beleaguered paper and textile segments, but the outlook for both these businesses is not very optimistic. Cement` business is expected to do well on account of higher volume likely going forward from expanded capacity. CTIL made huge investments of more than Rs35bn in its non-cement businesses over the past few years and they are a drag on the company...