Chandni Textile Engineering Industries has bagged an order worth Rs 16 crore for the supply of 13 injection moulding machines, the company announced on Friday.
The stock on the NSE hits its 52-week high of Rs 24.10 per high and also hit breached its upper circuit. It hit its 52-week low of Rs 6.50 per share on 16 August 2016.
The stock has given 177% returns in a period one year and has outperformed the BSE Small cap and BSE Capital Goods indices over the same time period.
Chandni Textiles is engaged in the business of velvet fabrics. The company is also engaged in sourcing of all types of machinery and equipment besides assembling two-for-one (TFO) twisting machines sold under brand name Prerna. The company’s segments are Engineering Division and Textile Division.
Stock view:
Chandni Textiles Engineering Industries Ltd is currently trading at Rs 24.1, up by Rs 0.45 or 1.9% from its previous closing of Rs 23.65 on the BSE.
The scrip opened at Rs 24.1 and has touched a high and low of Rs 24.1 and Rs 24.1 respectively. So far 6849(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 38.16 crore.
The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 23.65 on 15-Jun-2017 and a 52 week low of Rs 6.5 on 16-Aug-2016. Last one week high and low of the scrip stood at Rs 23.65 and Rs 21.15 respectively.
The promoters holding in the company stood at 46.5 % while Institutions and Non-Institutions held 0 % and 53.5 % respectively.
The stock is currently trading above its 50 DMA.
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