Why is Acknit Indus. falling/rising?
As of 19-Sep, Acknit Industries Ltd's stock price is at 291.00, down 1.36%, with significant declines in delivery volume and year-to-date returns. Despite strong long-term performance, recent trends indicate underperformance relative to the sector and broader market.
As of 19-Sep, Acknit Industries Ltd is experiencing a decline in its stock price, currently at 291.00, which reflects a decrease of 4.0 or 1.36%. The stock has underperformed its sector by 1.56% today, and it has shown erratic trading patterns, not trading on one day out of the last 20. Additionally, the delivery volume has significantly decreased by 77.44% compared to the 5-day average, indicating falling investor participation. In terms of returns, the stock has a year-to-date decline of 4.59% and a one-year decline of 14.42%, contrasting with the Sensex, which has gained 5.74% and is nearly flat over the past year.Broader Market Context: In the short term, the stock has returned 0.31% over the past week, which is lower than the Sensex's return of 0.88%. This underperformance is indicative of the stock's struggles relative to the broader market. While the stock has shown strong performance over the longer term, with a 304.17% increase over the past five years compared to the Sensex's 112.70%, the recent trends suggest a lack of momentum and investor confidence, contributing to its current price decline.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
