Espresso Shot of the Day - Century Plyboards (I) Ltd up by 6.20 percent

EspressoLogy

Espresso Shot of the Day - Century Plyboards (I) Ltd up by 6.20 percent

March 15, 2022
Espresso Shot of the Day - Century Plyboards (I) Ltd up by 6.20 percent

CENTURY PLYBOARDS (I) LTD 657.20  (+6.20%) BSE – INE348B01021 | 15th MARCH 2022


CenturyPly has been a front-runner in applying innovation at work. This simple philosophy has been the cornerstone of all their processes and technologies. It has led them to design and deliver contemporary lifestyle statements that have become synonymous with modern living. Their award winning products have been redefining Indian realty and bringing about a paradigm shift in the concept of living spaces. Century Plyboards (India) Ltd. our mother concern came into existence in 1986 as a result of the foresightedness of two visionaries, Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. Since then, the company has taken giant strides and is today, the largest seller of multi-use plywood and decorative veneers in the Indian organized plywood market.


Recent Drivers

  • On Feb 1, 2022, the company reported Net Sales of Rs.854.79 crores in December 2021, up 29.49% from Rs.660.10 crores in December 2020.
  • On Feb 1, 2022, the company reported a Quarterly Net Profit of Rs.94.09 crores in December 2021, up 42.88% from Rs.65.85 crores in December 2020.
  • On Jan 31, 2022, the company bagged a contract to modernize and mechanize a cluster of six berths in Kolkata's Khidderpore Docks on a build-operate-own-transfer basis.
  • On Jan 28, 2022, the company approved the Reconstitution of the Stakeholders Relationship Committee and Nomination and Remuneration Committee.
  • On Jan 7, 2022, the Company made further investments to the extent of Rs.28 crores in its Wholly Owned Subsidiary Company, Century Panels Limited.
  • On Dec 30, 2021, the Company incorporated a wholly-owned subsidiary by the name ‘Century Infra Limited’ at Kolkata.
  • On Dec 24, 2021, the company announced that the foundation stone for the company's Greenfield wood panel manufacturing project was laid at Gopavaram, Kadapa District in Andhra Pradesh.
(Sources: Business Standard, Moneycontrol, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by -0.68%
  • 3 months avg. NSE volume: 199,368
  • Quantity traded: 1, 55,926 | Deliverable quantity: 48,883 (31.35%)
  • Stock price has jumped by more than 135% from a one-year low level: 282.80 (Mar 19, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 714.95 | 52-week-low: 282.80


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 1277.12

996.03

796.37

515.28

315.62

34.53

-

    -

Fibonacci Pivot

996.03

  812.39

698.93

625.86

515.28

404.71

331.64

218.18

34.53


Today’s Close

657.20

SMA

BSE

10 DAY

605.41

20 DAY

601.19

50 DAY

617.02

200 DAY

521.44


Some Key Ratios (Source: BSE)

Market Cap: 14,601.21 Crores

PE: 45.99

OPM%: 18.57

ROE%:23.04

Promoters holding%: 73.04

Prev. Close:618.85



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.