About company- Century Textiles and Industries Limited is engaged in the business of textiles, rayon, cement, and pulp and paper. The Company's segments include Textiles, which includes yarn, cloth and denim cloth, viscose filament yarn and tire yarn; Pulp and Paper,which includes pulp, writing and printing paper, tissue paper and multiplayer packaging board; Cement, which includes cement and clinker;Real Estate, which includes leased properties, and Others, which includes salt works, chemicals and floriculture. The Company operates through various divisions, such as Birla Century, Century Cement, Century Yarn, Maihar Cement, Century Denim, Manikgarh Cement,Cottons by Century, Century Pulp and Paper, and Century Rayon. The Company has approximately five cement plants and a grinding unit at various locations, with a total cement manufacturing capacity of over 12.8 million tons per annum. Its manufacturing units are located at Gujarat, Maharashtra, Uttarakhand and Madhya Pradesh.
Technical outlook on CENTURYTEX - The stock is creating good selling from the level of below 795 on the daily as well as weekly chart.
Strategy for traders: You may take a position in CENTURYTEX on the level of below 795, if you are having short term view you may sell CENTURYTEX FUTURE, so you can see the level of 780,760 with Stop-loss of 810 above on closing basis.
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