Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 14199.08 Crore) operating in Building Materials sector.

Sharekhan recommended Hold rating on Century Plyboards (India) with a target price of Rs 710 in its research report dated November 10, 2023.

Emkay Global Financial is bullish on Century Plyboards has recommended buy rating on the stock with a target price of Rs 820 in its research report dated November 10, 2023.

“I would say I am cautious in the short term. And I am very optimistic in the medium and long term. Whether you look at laminates or veneers, there is a trend towards premiumisation. People are becoming more expressive with their home, especially post Covid. It will definitely lead to premiumisation in decorative products going forward.”

And if there are no global aberrations this week, then we might witness a rebound in domestic markets.

Prabhudas Lilladher is bullish on Century Plyboard has recommended buy rating on the stock with a target price of Rs 800 in its research report dated August 07, 2023.

Sharekhan recommended Hold rating on Century Plyboards (India) with a target price of Rs 550 in its research report dated August 05, 2023.

ICICI Securities is bullish on Century Plyboards recommended buy rating on the stock with a target price of Rs 740 in its research report dated August 08, 2023.

Over 340 stocks have shown formation of Golden Crossover, a widely recognised technical indicator, as their 50-day moving average crossed above their 200-day moving average, indicating a shift in momentum from bearish to bullish. ETMarkets has identified ten of the stocks which include Can Fin Homes, Canara Bank, and Ceat.

The Indian market opened with a negative bias, tracking mixed global cues. The Sensex rose nearly 300 points, while the Nifty50 closed below 19,400 levels. The India VIX slightly increased as the index is soon moving to new high territories. The maximum Call OI is placed at 19,400, and the maximum Put OI is placed at 19,300.

Stock has given breakout from falling channel withbullish crossover in daily, weekly momentum indicator.

We are certainly entering July, long and heavy. FIIs long position in the index future segment is heading to historical peaks, so there are no more expectations of tailwinds.

​I would probably see this kind of flattishness, if I may call it that way, or volatility continue as we head towards maybe the year end. But I would encourage investors to take this as an opportunity to kind of get invested because the medium term from a two to three year perspective for India Inc. is looking particularly robust and we can go into detail of that but that is my near term prognosis.