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01-Nov2017

Century Plyboards trades in green on the bourses

Century Plyboards (India) is currently trading at Rs. 283.00, up by 0.35 points or 0.12% from its previous closing of Rs. 282.65 on the BSE.

The scrip opened at Rs. 284.50 and has touched a high and low of Rs. 285.00 and Rs. 278.00 respectively. So far 11809 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.95 on 16-Jun-2017 and a 52 week low of Rs. 154.50 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs. 289.95 and Rs. 270.00 respectively. The current market cap of the company is Rs. 6273.05 crore.

The promoters holding in the company stood at 72.00%, while institutions and non-institutions held 15.19% and 12.82% respectively.

Century Plyboards' subsidiary -- Century Ply (Singapore) Pte -- has acquired a majority (51 per cent) stake in Laos-based Huesoulin Wood Processing Factory. The move comes, as Century Plyboards looks to leverage the Laos unit for plywood production.

With this, Century Huesoulin Plywood Lao Co has now become a step-down subsidiary of Century Plyboards.

Century Plyboards is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.


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