Candour Techtex, a company in the technical textile industry that has registered a growth of 100 percent in the last one year, may announce a split next week. The company shared information related to this after the market closed on Friday. The impact of this news can be seen on the stock in the next trading session. The stock closed with a decline of 0.6 percent in Friday's trading.

What information has the company given?

After the market closed on Friday, the company sent information to the stock market saying that its board of directors meeting is to be held on January 15 at 12 noon. The company's board will consider the proposal of sub-division/stock split of equity shares in this meeting and can announce it. The company is a company in the technical textile sector and is involved in agrotech to sportstech and manufactures fishing nets, geo bags, furniture fabrics, conveyor belts, diapers, seat belts, air bags, bullet proof jackets, chemical protective clothing, parachute fabric, sleeping bags, artificial turf. The company was earlier known as Chandni Textile Engineering Industries. How was the performance of the stock? The stock closed at 113.25 with a decline of 0.61 percent in Friday's trading. The highest level of the year for the stock is 118, which was seen on Friday itself. The lowest level of the year is 32.5 which was recorded on 5 June 2024. A year ago, the stock was below the level of 55. In one year, the stock has given a return of 109 percent. In the September quarter, the company's sales have increased by 30 percent. At the same time, profits have increased manifold.