Support and Resistance Levels
Past performance
About AB Cotspin India Ltd AB Cotspin India Limited, initially incorporated as Ganga Cottex Private Limited in 1997, is a notable player in the textile and oil industry, headquartered in Jalandhar, Punjab. The company transitioned to a public entity in 2010, adopting its current name. AB Cotspin specializes in manufacturing cotton yarn, knitted fabrics, cottonseed oil, and oilcakes from its facility in Jaitu, Punjab. Over the years, the company expanded its operations, installing a crushing unit in 2000 and a spinning plant in 2011, followed by a knitting machine in 2014 to diversify its product offerings.
The company holds a Better Cotton Initiative (BCI) membership since 2015 and is accredited as a One Star Export House. It has received recognition for safety and quality, including awards for accident reduction and a Global Organic Textile Standard (GOTS) certification in 2021. AB Cotspin strengthened its financial position with a public equity offering in January 2022, raising Rs 10.09 Crore.