Century Textiles is shifting to Gujarat to save taxes and release the land for sale enabling them to earn that way, according to Ashish Kapoor, CEO, Investshoppe.
He viewed the company stock as a long term two-years prospect and expect to regain the Rs600 level.
Currently, the company is in high quality yarn and fabric and is expanding their capacity in a major way.
They are also growing very aggressively on retails by planning to increase the retail outlets from 60 to 100.
The group is also expanding their cement capacity and is also setting up a new pulp plant based on waste paper.
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