Century Textiles hits 52-w high aided by a block deal

Century Textile is buzzing on bourses on Tuesday with increased volumes owing to a block deal at 10.59 am where 52336 shares exchanged hands at a price of Rs 980.40 per share. The value for block deal valued at 5.13 crore has triggered price volume breakout in the stock.

The stock touched an intraday high of Rs 1033.90 on NSE also marking its new 52-w high on Tuesday. The stock was in news only recently for raising Rs 700 crore by issuing NCDs. At present Century Textile continues to be a trendsetter in cotton textiles and also has a remarkable presence in the yarn, denim,viscose filament rayon yarn, tyrecords, caustic soda, sulphuric acid, salt, cement, and pulp and paper industries.

The stock currently trading at Rs 1022.90 per share is 8.30 per cent up on an intraday basis. Over one year the stock is up by almost 84.67 per cent.  Sensex is trading in green on Tuesday at 28021 levels, up by more than 100 points on an intraday basis.