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Shares of Century Textiles and Industries today gained 5 per cent on market talk of restructuring.
There is a continued speculation over restructuring in the group’s business.
The company had on March 23 said that the news on hiving off cement operations was not true and should be ignored.
The stock has gained over 30 per cent since February end.
Century Textiles stock trades at EV/EBITDA of 12.8x vs 13.2x of large cap rivals, according to Thomson Reuters Eikon data.
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