Sayantan Chakraborty
Insider Trading: According to the disclosure filled by CTIL Employee Welfare Trust under the SEBI Prohibition of Insider Trading Regulation, the trust has been accruing Century Textiles & Industries Ltd [NSE: CENTURYTEX] shares.
According to the report aggregated by Trendlyne, the employee welfare trust of Century Textiles & Industries Limited (CTIL) has been on a buying spree since the start of May 2023. On 2nd May 2023, the trust bought 47,728 shares of Century Textiles & Industries Limited at ₹680.90/- per share.
The CTIL Employee Welfare Trust made some significant purchases throughout May 2023.
On 05th May 2023, the trust bought 1,20,261 shares of CTIL at ₹707.60/- per share. On 08th May 2023, the trust bought 2,00,367 shares of Century Textiles & Industries Limited at ₹719.30/- per share. On 10th May 2023, the employee welfare trust of Century Textile & Industries Ltd. bought 1,82,332 shares of the company at ₹763.20/- per share. And, also on 16th May 2023, the CTIL Employee Welfare Trust bought 1,51,000 shares of the company at ₹809.80/- per share.
And the latest data suggest that on 18th May 2023, the CTIL Employee Welfare Trust bought 64,740 shares of the textile company at ₹803.30/- per share. And after the acquisition spree, the trust holds 10,43,768 shares of Century Textiles & Industries Ltd. The value of the total purse size at ₹822.85/- per share of CTIL stands at ₹85,88,64,498.80/-.
About Century Textiles & Industries Limited
Incorporated in 1897, Century Textiles & Industries Limited is a conglomerate of the Aditya Birla Group and has multiple businesses arm. According to the latest investor presentation, the company is involved in the business of Real Estate, Pulp and Paper, Textiles, and Financials, to name some.
The company has a geographical presence all over the world. From India to the US, Europe, Australia, East Asia, and the Middle East.
The company’s revenue mix is tilted toward its Pulp and Paper business because, as of FY 23, CTIL generates 76% of its revenue from its Pulp and Paper business and 20% from its Textiles business.
Century Textiles & Industries Limited Result
According to the latest quarterly result reported by Century Textiles & Industries Limited for the quarter ended on 31st March 2023, the company’s Net Profit stands at ₹145.27 Crore. Up 68.8% against ₹86.07 Crore on a Y-o-Y basis.
For Q4 FY23, the revenue of CTIL stood at ₹1,208.54 Crore against ₹1,210.72 Crore for the same quarter of the previous year. The company’s quarterly revenue is marginally down by 0.18% on a Y-o-Y basis.
Century Textiles & Industries Limited Dividend
The board of directors of Century Textiles & Industries Limited recommended a dividend of ₹5.00/- per share.
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