Century Textiles temporarily closes pulp & paper division
Century Textiles & Industries has temporarily shut down its pulp and paper division operations situated at Lalkua, Dist. Nainital, Uttarakhand effective from Dec. 23, 2011.
The company shut down its division in order to comply with certain pollution control requirements and other technical reasons. Efforts are being made to resume operations earliest possible.
The stock had underperformed the market over the past one month till Dec. 22, 2011, falling 15.48% compared with the Sensex`s 1.57% decline. It underperformed the market in past one quarter, declining 20.32% as against 3.35% fall in the Sensex.
Shares of the company gained Rs 0.5, or 0.22%, to trade at Rs 232.25. The total volume of shares traded was 39,867 at the BSE
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