Aditya Birla Group Stock, Trading 13% Away From 52-Week Low, Declares Dividend

Board of mid cap stock from diversified sector, Century Textiles & Industries Ltd on Monday recommended a dividend of Rs 5/- per share for the year ended March 31, 2023. The stock is currently 13% away from its 52-week low price of Rs 588.80 per share. Last trading price of Century Textiles & Industries is Rs 676.55 per share with intraday rally of 1.61%. Check details below:

Century Textiles & Industries Declares Dividend: According to the BSE filing of the company, "the Board at its meeting held today has: (i) Approved the Standalone and Consolidated Audited Financial Results of the Company for the year ended 31st March, 2023; (ii) Recommended a dividend of Rs. 5/- (Rupees Five only) per share of Rs.10/- each equivalent to 50% (fifty percent) on paid up equity share capital of the Company for the year ended 31st March, 2023, as against 40% paid for the previous year. The dividend will be subject to approval of the shareholders in the ensuing Annual General Meeting of the Company."

Century Textiles & Industries Stock Performance & Return: The last trading price of the cement sector stock is Rs 676.55 per share on BSE with 52-week high price at Rs 943.75 per share and 52-week low price at Rs 588.80 per share, respectively. The company has a market capitalisation of Rs 7,556.77 crore. The stock declined 19% in last 6-months and 23% in last 1-year. In last 2-years, the stock soared 46% and surged 137% in last 3-years.

Century Textiles & Industries About: From a single-unit textile entity in 1897, Century Textiles and Industries Ltd has transformed into a commercial powerhouse with interests in diverse industries. A part of the Aditya Birla Group, the business house is a trendsetter in cotton textiles and also has a remarkable presence in the Pulp and Paper and Real Estate sectors, according to its official website.

Disclaimer: The Aditya Birla Group stock declared dividend on Monday. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.