Buy Century Textiles Industries, target Rs 995: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Century Textiles - Industries Ltd
with a target price of Rs 995
The current market price of Century Textiles - Industries Ltd
is Rs 963.85
Time period given by the analyst is Intra Day when Century Textiles - Industries Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 950
Century Textiles - Industries Ltd., incorporated in 1897, has a market cap of Rs 10765.79 crore. Century Textiles - Industries Ltd
key Products/Revenue Segments include Cement - Clinker which contributed Rs 7949.48 Crore to Sales Value (94.80 % of Total Sales), Other
Operating Revenue which contributed Rs 265.27 Crore to Sales Value (3.16 % of Total Sales), Lease Rentals which contributed Rs 142.66 Crore
to Sales Value (1.70 % of Total Sales), Scrap which contributed Rs 14.98 Crore to Sales Value (0.17 % of Total Sales) and Export Incentives
which contributed Rs 12.62 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 842.27 Crore, down -10.48 % from last quarter Sales of
Rs 940.87 Crore and down -59.65 % from last year same quarter Sales of Rs 2087.28 Crore Company has reported net profit after tax of Rs
227.62 Crore in latest quarter
The company’s top management includes Mr.B K Birla, Mr.Kumar Mangalam Birla, Mr.Pradip Kumar Daga, Mr.R K Dalmia, Mr.Rajan A Dalal,
Mr.Sohanlal K Jain, Mr.Yazdi P Dandiwala, Mrs.Rajashree Birla
Company has SRBC - Co LLP as its auditoRs As on 31-03-2019, the company has a total of 111,695,680 shares outstanding