Recent Price Movement and Market Comparison
Acknit Industries has been experiencing a sustained decline over the past month and year-to-date periods. Over the last one month, the stock has fallen by 15.13%, contrasting sharply with the Sensex’s gain of 2.70% during the same timeframe. Year-to-date, the stock is down 15.41%, while the Sensex has advanced by 9.69%. Even over the one-year horizon, Acknit’s shares have declined by 12.50%, whereas the benchmark index has appreciated by 4.83%. These figures highlight a significant underperformance relative to the broader market.
Despite this recent weakness, it is worth noting that Acknit Industries has delivered strong long-term returns. Over three years, the stock has gained 66.02%, outperforming the Sensex’s 36.41% rise. ...
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