Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Century Textiles & Industries Ltd with a short-term target price of Rs 425-475.

According to experts at Nirmal Bang, this counter has been under pressure for some time. So buy on dip, huge volumes witnessed.

The strong support level for the stock has been suggested at Rs 360.

Today (June 24), the shares of the company opened at Rs 384.80 on BSE. Current EPS & P/E ratio stood at 25.42 and 14.79 respectively. The share price has seen a 52-week high of Rs 599.70 and a low of Rs 113.10 on BSE.

Incorporated in 1897, Century Textiles & Industries Limited, Mumbai has been making fast growth in widely diversified segments.

Presently, the company is not only the leader in Cotton Textiles but has also made a notable presence in Yarn, Denim, Viscose Filament Rayon Yarn, Tyrecords, Caustic Soda, Sulfuric Acid, Salt, Cement and Pulp & Paper.

The company is managed by directors, which consists of well-known entrepreneurs, businessmen and dedicated professionals. The chairman of the Board is Mr. B.K. Birla.

Century Textiles makes 100% cotton fabrics. In the highly competitive international markets, Century's cloth has carved a niche for itself.

In reality, Century Fabric has charmed its way into: Bahrain, Bangladesh, Belgium, Canada, China, Comoros, Egypt, France, Germany, Honduras, Hong Kong, Hungary, Indonesia, Israel, Italy, Japan, Jordan, Kenya, Kuwait, Madagascar, Mauritius, Morocco, Nepal, Netherland, Panama, Portugal, Russia, S.Africa, S.Korea, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, U.A.E., U.K., Uganda and USA.