Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Century Textiles & Industries Ltd stock to achieve a target of Rs 513.

If the stock market remains positive, the next target for the stock will be Rs 522.5.

According to analyst, the interested investors can buy the stock around Rs 497.8 with stop loss of Rs 490.

The stock of the company, on August 16, closed at Rs 494.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 595 a low of Rs 409.10 on BSE.

Current EPS & P/E ratio stood at 39.36 and 12.88 respectively.

Century Textiles and Ind Ltd has set aside Rs 2,975-crore as capital expenditure for the next 2-3 years across its different sections that consist of cement, paper & pulp and realty.

Moreover, the flagship firm of the BK Birla Group will again enter the shipping biz 5 years after its exit.

The company has received nod from its stock owners during its AGM for the planned re-entry.

It will make enter into the shipping section by getting hold of oil tankers and carriers.