Century Enka Share Price surging above 5%

On 25^th Century Enka share price settled above 5 per cent at Rs. 284.65. The stock was trading at a rise of 14 points at Rs. 285.60. The stock opened at Rs. 271.50 as compared to its previous closing at Rs. 270.65. The stock touched the days high and low at Rs. 287.25 and Rs. 271.50. Approximately 54,464 shares were traded in the counter with a traded value of Rs. 152.86 lacs, as per National Stock Exchange.

Competition

Name		Market Cap.	Sales	Net Profit	Total Assets
		(Rs. cr.)	Turnover
JBF Industries		1,641.94	3,620.59	65.49	2,985.47
Century Enka		621.98	1,143.64	59.46	811.22
Vardhman Acrylics		424.58	417.51	29.83	295.96

For the quarter ended 30-Sep-2016, the company has reported Standalone sales of Rs. 282.04 Cr., up 7.15 per cent from last quarter Sales of Rs. 263.23 Cr. and down -2.47 per cnet from last year same quarter Sales of Rs. 289.17 Cr. Company has clocked net profit after tax of Rs. 19.01 Cr. in latest quarter.

Century Enka Ltd. was established in the year 1965. It is a Small Cap company (having a market cap of Rs 592.7 Cr.) and functions in the Textiles sector. Century Enka manufactures polyester filament yarn, nylon filament yarn, polyester partially oriented yarn, polyester and nylon chips of industrial and fabric grade and nylon industrial yarn and nylon tyre cord fabrics.

Century Enka is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Century Enka share price history.