Net Sales are expected to decrease by 2.4 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 828 crore, according to Sharekhan.

Promoters held 73.04 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.01 per cent, DIIs 12.5 per cent.

“Were seeing consolidation on the expected lines, which is healthy after the recent surge. We expect the resumption of the trend soon, meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly,” Ajit Mishra, VP - Research at Religare Broking, said.

ICICI Direct is bullish on Century Plyboards (India) recommended buy rating on the stock with a target price of Rs 695 in its research report dated November 13, 2022.

LIC, M&M, Hindalco, Adani Power, ABB, Info Edge, Zydus Lifesciences, Astral, Alkem Industries, Vedant Fashions, Thermax, Delhivery, BHEL and ZEEL are among the companies that will announce their results for September 2022 quarter today.

Net Sales are expected to decrease by 1.4 percent Y-o-Y (down 9.8 percent Q-o-Q) to Rs. 801.9 crore, according to Yes Securities.

The recent manufacturing PMI trajectory for India indicates a robust demand environment, while input cost pressures have started easing with the meltdown in commodity prices.The manufacturing sectors share in the Indian economy has reached the pre-Covid level of 18% of gross value added in 2021-22 (April-March), and ICICI Securities believes it is poised to hit an all-time high in the medium term.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 14130.20 Crore) operating in Building Materials sector.

The list includes some blue-chip names, including Tech Mahindra, Bharti Airtel, Tata Steel and Wipro, which have outperformed consistently to deliver strong performance.

In the Nifty500 pack, 10 stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

Bajaj Finance shall trade ex-bonus as well as ex-split in trade today. The NBFC company announced bonus share issuance in the ratio of 1:1 i.e. 1 share for every 1 share held by the investor. Likewise, the company announced the stock split from an earlier face value of Rs 5 to its new face value of Re 1.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 15184.41 Crore) operating in Building Materials sector.

Among stocks to bet on in the investment rate theme, it likes L&T, NTPC, Coal India, NHPC, UltraTech, JK Cement, Tata Communication, Greenpanel, Century Plyboard, Indraprastha Gas, Oil India, GAIL, Gujarat Fluorochemicals, Brigade Enterprise and Phoenix Mills.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 14907.81 Crore) operating in Building Materials sector.

The company will be investing Rs 543 crore by the end of FY24 towards a greenfield MDF plant in Andhra Pradesh. The company has already invested Rs 57 crore in this plant, bringing the total investment to Rs 600 crore.

Sharekhan is bullish on Century Plyboards has recommended buy rating on the stock with a target price of Rs 700 in its research report dated July 21, 2022.

Khambatta Securities is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 755 in its research report dated July 22, 2022.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12730.51 Crore) operating in Building Materials sector.

Hindustan Zinc, SRF, MphasiS, JSW Energy, IDBI Bank, Persistent Systems, Crisil, Kajaria Ceramics, ICICI Securities, Hitachi Energy, Happiest Minds, IndiaMART, PVR, Cyient and Can Fin Homes will announce their earnings for the quarter ended June 2022.

Its revenue from the operation rose 94.25 per cent to Rs 888.78 crore during the quarter under review. It was Rs 457.54 crore in the corresponding quarter previous fiscal.

The company had reported a net profit of Rs 31.07 crore in the April-June quarter a year ago.

Asian shares rallied at the open on Wednesday on hopes that the current corporate earnings season will suggest companies are withstanding the impact of higher inflation and rising interest rates. MSCI's index of Asia-Pacific shares outside Japan was up by 1.27 per cent.

Wipro, Havells, IndusInd Bank, Gland Pharma, Tata Communications, Oracle Financial, Syngene International, Century Plyboards, Mastek and Ceat are among the companies that will announce their earnings for the quarter ended June 2022.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11596.32 Crore) operating in Building Materials sector.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11341.93 Crore) operating in Building Materials sector.

Wood panel companies managements are optimistic on future demand given the sector tailwinds and have guided for 10-15 per cent volume growth in plywood and 15-25 per cent volume growth in MDF in FY23,"

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12389.48 Crore) operating in Building Materials sector.

Khambatta Securities is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 741 in its research report dated May 23, 2022.

ICICI Direct is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 660 in its research report dated May 18, 2022.

Sharekhan is bullish on Century Plyboards has recommended buy rating on the stock with a target price of Rs 700 in its research report dated May 17, 2022.

Century Plyboards (India), incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11892.92 crore) operating in Building Materials sector.

Bharat Forge, GSK Pharmaceuticals, Century Plyboards, VIP Industries, MCX, Raymond, Ami Organics, Dodla Dairy and Greenply Industries are among companies which will announce their quarterly earnings today.

Asian stocks opened higher on Monday after Wall Street rebounded, backed by gains among high-tech stocks, following a Wall Street bounce sparked by a rally among tech-rich stocks. MSCI's index of Asia-Pacific shares outside Japan was up 0.23 per cent.

Selling by foreign institutional investors have kept the market under pressure. As per latest data available, they have already withdrawn Rs 25,216 crore from equities so far in May. Going by the trend, this may continue going forward as well.