Multibagger Stock: Century Textile skyrockets over 270% in 16 months, up 675% in 4 years; is now a good time to buy?
Century Textile& Industries as the company's shares have been showing remarkable resilience over the last 16 months, steadily gaining without any significant pullbacks. From a trading price of ₹608 apiece in February last year, the shares have skyrocketed by 274% to trade at the current trading price of ₹2,275 apiece.Also Read: India's Q1 housing sales rise 5% annually to 1.2 lakh units; demand dips 8%Remarkably, the stock has closed in negative territory for only 4 months with minimal corrections.
The stock has surged by 675% over the past 4 years.Incorporated in 1897, Century Textile and Industries Limited has evolved from a single-unit textile mill into a diversified conglomerate with a presence in real estate and paper.The company is emerging as a leading player in the Indian real estate industry as its sales bookings rose from ₹4.6 billion in FY20 to ₹39.9 billion in FY24, reflecting a CAGR of 71%. It aims to achieve a sales booking milestone of ₹100 billion by FY26.Since entering the real estate market in FY20, the company has launched projects with a total saleable area of 6.22 million sq.
ft. and has sold 5.31 million sq.
ft. (85% of the inventory) to date.The company is currently focusing on four key markets in India: MMR, Bengaluru, NCR, and Pune, delivering premium real estate projects across residential, commercial, and mixed-use segments.
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