The Economic Times daily newspaper is available online now.

    Century Textile & Industries rises 5% after September quarter results

    Synopsis

    The total income of the company from operations rose to Rs 1,242.11 crore from Rs 1,034.27 crore in the corresponding period of the previous year. The total expenses also surged to Rs 1,125.25 crore against Rs 972.08 crore.

    Century Textile & Industries rises 5% after September quarter resultsIANS
    Shares of Century Textiles and Industries rallied 4.74% to Rs 852.65 in Thursday’s intraday trade after the company reported a 59.38% year-on-year (Yoy) rise in consolidated net profit at Rs 69.97 crore for September quarter 2022-23. In the year-ago period, the profit stood at Rs 43.9 crore.

    The total income of the company from operations rose to Rs 1,242.11 crore from Rs 1,034.27 crore in the corresponding period of the previous year. The total expenses also surged to Rs 1,125.25 crore against Rs 972.08 crore.

    At 10.23 am, the scrip was trading 4.09% higher at Rs 847.40 on BSE over its last day’s closing price of Rs 814.1 apiece. However, the stock has fallen about 8% year-to-date, while it has risen nearly 6% in the past one year.

    As per Trendlyne data, the highest target for the stock goes up to Rs 1130, showing an upside potential of around 38.8% from the current prices.

    The consensus recommendation from one analyst for Century Textiles & Industries is a strong buy.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in