Candour Techtex Ltd share Price Today

Candour Techtex Ltd (Formerly known Chandni Textiles Engineering Industries Ltd) was incorporated in Jun.`86 as Amita Texturisers Pvt Ltd. The Company was promoted by J R Mehta and Prerna Textile Industries Pvt Ltd. The Company is presently engaged in assembling TFO twisting machines and selling under the Brand Name "Prerna". We are also engaged in sourcing of all types of machinery and equipment. It manufactures velvet fabrics and continues to outsource some of the textile division products. Even though the company was incorporated in 1986, due to the general recession in the textile machinery industry, it deferred project activities till 1993. It started working towards the project only in 1993. In 1994, CEL implemented the project of setting up a plant in Daman to manufacture various automatic and semi-automatic weaving machines, which was part financed through a public issue in Oct.`94. CEL has technical collaborations with Hanjin Textile Machinery, Korea, for the manufacture of Rapier loom and Sinkwang Machinery Works, Korea, for auto cop change looms. The Chenille yarn manufactured by the company was well accepted in the domestic as well as international markets and the company has become a dominant player in the chenille yarn market, during 1999-2000. The company has absorbed the Technology for manufacturing Auto Cop Change Looms from M/s Sing Wang Machinery Co Ltd South Korea. The Company changed its name from `Chandni Engineering Ltd.` to `Chandni Textiles Ltd.` in 2004-05. It launched a new Two-for-One Twisting model under name "Prerna-Sapru" in 2007-08. It revived the Engineering Division and launched advanced model of twisting machine in 2009. In 2017-18, through the Scheme of Arrangement between the Company and Chandni Machines Limited, the Demerged Company i.e. Engineering Division of Chandni Textiles Engineering Industries Limited was transferred into Chandni Machines Limited, on a going concern basis effective from July 01, 2016 and the said Scheme became effective on 24th January, 2018. In 2021-22, the Company was renamed to "Candour Techtex Limited" from "Chandni Textiles Engineering Industries Limited" resulting to the Demerger Scheme.

Candour Techtex share price as on 18 Jul 2024 is Rs. 43.5. Over the past 6 months, the Candour Techtex share price has decreased by 19.7% and in the last one year, it has decreased by 6.01%. The 52-week low for Candour Techtex share price was Rs. 31.07 and 52-week high was Rs. 61.3.