Going Slow On Real Estate
Jayashree / 12 Oct 2009
BSE : 500040
CMP : 473.7
Volume: 133679
Century Textiles, as we all know, closed down its textiles operations at Worli and in the process of developing the same for real estate has hit a speed-breaker. Our sources suggest that the company’s real estate development has been put on hold for three to four months. This could impact the sentiment on the counter. Century Textiles’ counter that saw appreciation by 6 per cent may not see the surge happening in the near future. If you are looking at short-term gains please stay away from the same.
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