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Century Ply board’s Subsidiary, Century Ply (Singapore) Pte. Ltd Buys 49% Stake in Wood Factory

Century Ply (Singapore) Pte. Ltd., a subsidiary of Century Plyboards, has acquired 49% stake in Huesoulin Wood Processing Factory Co. Ltd., the company informed the bourses on Thursday. The stake buys makes Huesoulin an associate company. 

Century Plyboards (India) Limited is a plywood manufacturer. The company's segments include plywood, laminate, CFS services. The company's geographical segments are demarcated into India and overseas.

Huesoulin Wood Processing Factory Co. Ltd. is engaged in manufacturing and trading in plywood, veneer & all wood products and providing related services.
Century Plyboards on the NSE is clocking gains of 2% and is trading at Rs 314 per share at 0950 hours. The stock has delivered 56% returns in a period of one year and has outperformed the BSE Mid cap and BSE FMCG indices over the same time span.

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Sensex 40,000 to 50,000: TCS becomes biggest contributor in terms of market cap

Shreya Chaware / Article rating: 5.0

Sensex journey to 50,000 has been clearly an impressive one with several stocks contributing to its gains. When it comes to market cap addition, the clear winner is TCS, followed by HDFC Twins, ICICI Bank, and Kotak Mahindra Bank. These stocks contributed the most to the market capitalisation when Sensex moved from 40,000 to 50,000.