Today April 2's Buy

By CROW -
Today the markets have rebounded in US and we expect the Bombay markets to follow suite:

Buy Century Textiles & Industries Ltd. buy at Rs. 730

with the stock trading at it lower end of 52 week high/low (1275.00 - 491.50), we recommend a buy,buy, buy ( Mad money style) for the stock and hold for 3 months. With a proven sales figures and solid earnings per share, We expect a yield of at least 30%.

some news for this script in the past:
Century Textiles & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 25, 2008, inter alia, has transacted the following
- The following expansions of manufacturing capacity have been approved by the Board:
a. To set up a 500 tonnes per day capacity Multilayer Packaging Board Plant including 40 MW Steam Turbine, at a total capital outlay of upto Rs 775 crore, which is expected to be operational by about September, 2009.

b. To install a 450 tonnes per day capacity Paper Grade Pulp Plant (Fibreline) to produce best quality of wood pulp to meet the pulp requirements for the above Board Plant and to meet the requirements of the existing paper plant at a total capital outlay of upto Rs 495 crore including replacement of the existing Chemical Recovery Boiler of 350 tonnes per day by a 1200 tonnes per day Boiler. These expansions are expected to be operational by about September, 2009.

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