Buy Century Textiles, price target Rs 573: CK Narayan

INSUBCONTINENT EXCLUSIVE:
CK Narayan of Chart Advise has a buy call on Century Textiles - Industries Ltd
with a target price of Rs 573.0
The current price of Century Textiles - Industries Ltd
is Rs 559.6
CK Narayan recommended to keep a stoploss at Rs 556
Century Textiles - Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 6009.79 Crore) operating
in Cement sector
Century Textiles - Industries Ltd
key Products/Revenue Segments include Cement - Clinker which contributed Rs 3424.57 Crore to Sales Value (86.90 % of Total Sales), Other
Operating Revenue which contributed Rs 284.79 Crore to Sales Value (7.22 % of Total Sales), Lease Rentals which contributed Rs 205.66 Crore
to Sales Value (5.21 % of Total Sales), Export Incentives which contributed Rs 21.48 Crore to Sales Value (0.54 % of Total Sales) and Scrap
which contributed Rs 4.03 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 851.23 Crore, down -.52 % from last quarter Sales of
Rs 855.64 Crore and down -12.69 % from last year same quarter Sales of Rs 974.92 Crore Company has reported net profit after tax of Rs
182.70 Crore in latest quarter
Jain, Mr.Yazdi P Dandiwala, Mrs.Rajashree Birla, Ms.Preeti Vyas
Company has SRBC - Co LLP as its auditoRs As on 31-12-2019, the company has a total of 111,695,680 shares outstanding.