Referring to the previous article on Century Textile & Industries Ltd there has a been a resistance seen at Rs 290 odd levels it is not moving above that .With the advance tax numbers from the internal sources the numbers is almost similar to the previous advance tax no which is not a good sign and there has not been any growth in the co. Where the co has recently posted the Q1 result where the profit had slipped 3/4th of the previous yr same Q1 .The stock price of the co can slip further down to around Rs 260 odd levels where Rs 270 is the main level if it breaks then. Where the co is operating cement division where the outlook of the cement division in near future is not bright where infra space for almost more than one and a half year has been bleak where the price of the cement has been continuously rising .Where there is serious actions taken up by the CCI on the cement companies.
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