Century Textiles is top gainer

Century Textiles is currently the top gainer on the BSE. From Friday’s close of Rs.548.55, it opened at Rs.551 and went on to an intra day high of Rs.574.35. It is presently ruling over 4% at Rs.571 levels. Some 1.35 lakh shares have changed hands today.

The stock is emerging as a great value pick amongst investors. As explained by our Editor, Mr.SP Tulsian in Market Whispers column, “the stock seems to have bottomed out and can move past Rs.600 in next one month again, as restructuring move is likely to be taken by the company soon, by hiving off realty portfolio in a seprate company. Profit booking was recently made by the HNIs at the higher levels, while the stock was in F&O ban for last three days, where retail traders could not trade in it in F&O, and stock now has come out of F&O ban. Renewed buying from the HNIs are likely to be seen again at the lower levels. Buy as an investor or as a positional trader in April series, which is of 5 weeks.”