Support and Resistance Levels
Past performance
About Ashnoor Textile Mills Ltd Ashnoor Textile Mills Ltd, established in 1984 and promoted by Mr. Suneel Gupta, specializes in the manufacture and export of terry towels primarily targeting the US market. With production facilities in multiple Indian cities and a plant in Gurgaon, the company produces over 5400 tons of high-quality towels annually, catering extensively to the hospitality sector with a diverse range of products including white, colored, pool, and kitchen towels.
Originally known as Gupta Carpets Udyog Ltd, the company went public in 1986 and has since expanded through several rights issues aimed at enhancing its production capabilities. In 1993, Ashnoor Textile Mills further expanded by establishing a 100% Export Oriented Unit (EOU) for terry towels and related products. Additionally, the company diversified into cotton spinning and fabric weaving, setting up a composite plant in Punjab to leverage the region's cotton resources. This diversification has allowed the company to broaden its product offerings, including bathroom mats and other fabric-based goods.