Multibagger Penny Stock Below Rs 100: Coating & Lamination Company Receives Order Worth Rs 20 Crore from Faze Three Ltd
The stock has given multibagger returns of 191 per cent from its 52-week low of Rs 32.50 per share.
Candour Techtex Ltd has received its first major Letter of Intent for its new Coating & Lamination plant in Malegaon, securing a collaboration with domestic entity Faze Three Limited. This one-year agreement involves undertaking the Coating & Lamination process for an estimated 8,00,000 to 10,00,000 meters per annum across three programs, with an approximate annual value of Rs 20 crore; the final product from this process is intended for re-export overseas.
Earlier, Candour Techtex Ltd entered into a significant Job Work Agreement with domestic entity RITA International, a partnership firm, valued at Rs 90 crore. This five-year contract entails the manufacture and supply of all types of Plastic Moulded Crates, with a committed moulding volume of 1800 Metric Tons annually, representing a substantial long-term engagement for the company.
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Incorporated in 1986, Candour Techtex Ltd is involved in the manufacturing and trading of a diverse range of textiles, plastics and other items, catering to various sectors. Their extensive product profile spans across Agrotech (shade nets, crop covers), Buildtech (scaffolding nets, awnings), Clothtech (coated laces, interlinings), Geotech (geo-grids, gabions), Hometech (fibre fill, mosquito nets), Indutech (conveyor belts, coated abrasives), Meditech (diapers, surgical sutures), Mobiltech (tyre cord, seat belt webbing), Oekotech (geo-membranes), Packtech (leno bags, shopping bags), Protech (bullet proof jackets) and Sportech (artificial turfs). Additionally, the company has product divisions focusing on Plastics and Rubber Machinery, Metal Working Machinery, Material Handling Equipment (like forklifts) and Testing Equipment.
The company has a market cap of Rs 166 crore and as of May 07, 2025, the stock is trading below Rs 100. The stock has given multibagger returns of 191 per cent from its 52-week low of Rs 32.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.