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Acknit Industries Share Price Target 2024, 2025, 2026 to 2039 With Charts
Acknit Industries Limited | |||
![]() | Symbol: ACKNIT | ||
Price: ₹299.64 | |||
Exchange: BSE | |||
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Show Table of Contents
Table of Contents
- 0.1: Acknit Industries Financial Performance
- 0.1.1: Is Acknit Industries A Good Buy For Long Term?
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Acknit Industries Share Price Target For 2024
- 1.1.1: Acknit Industries Share Price Target Table For 2024
- 1.1.2: Summary: Acknit Industries Share Price Prediction For 2024
- 1.2: Acknit Industries Share Price Target For 2025
- 1.2.1: Acknit Industries Share Price Target Table For 2025
- 1.2.2: Summary: Acknit Industries Share Price Prediction For 2025
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Acknit Industries Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 2.2: Acknit Industries Share Price Target Table From 2024, 2025, 2026 to 2039
- 3: Acknit Industries Past Performance
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Acknit Industries Financial Performance
Metric | Value | Description |
---|---|---|
Market Capital | 94.24 Crore | Market valuation of Acknit Industries's shares. |
Revenue (TTM) | 220.65 Crore | Total revenue generated by Acknit Industries over the past twelve months. |
Net Income (TTM) | +8.55 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
Operating Margin | 6.27% | Income from operations as a percentage of revenue, before taxes and interest. |
Profit Margin | 39.28% | Net income as a percentage of revenue, after all expenses. |
Revenue Growth (Quarterly) | -16.4% | Change in revenue compared to the previous quarter. |
Earnings Growth (YOY Quarterly) | +14.8% | Change in earnings compared to the same quarter last year. |
Debt-to-Equity (D/E) Ratio | 0.74 | Company's total debt divided by total shareholder equity. |
Total Debt | 58.55 Crore | Sum of Acknit Industries's current & long-term financial obligations. |
Is Acknit Industries A Good Buy For Long Term?
Acknit Industries' recent performance is a mixed bag. While the company boasts impressive 3-year and 5-year returns, indicating strong historical growth, its Q1-2024-25 report reveals a concerning debt level of 58.55 Crore. Additionally, the declining revenue and slight dip in earnings suggest a potential slowdown. Given the high debt and recent trends, it's too early to confidently label Acknit Industries as a good long-term buy. Further analysis is needed to evaluate the debt's impact on future profitability and the company's long-term growth potential.
To predict the Acknit Industries's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Acknit Industries Share Price Target For 2024
![Acknit Industries Targets For 2024 Chart](/wp-content/uploads/nip_uploads/charts/acknit_thisyear_20240906.webp)
The line chart displays the monthly closing prices of Acknit Industries with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Acknit Industries shares in 2024, see the table below.
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Acknit Industries Share Price Target Table For 2024
Acknit Industries's Levels | Value | Reason/Importance |
---|---|---|
2024 Target 3 | 312.00 (+4.12%) | Price Action: Jul 2024 Low |
2024 Target 2 | 308.64 (+3%) | Price Action: 19 Aug 2024 High |
2024 Target 1 | 303.89 (+1.41%) | Price Action: 28 Aug 2024 Low |
Current Price | 299.64 | Acknit Industries's 1 share price as of Fri 06 Sep 2024 |
Stop Loss 1 | 295.04 (-1.54%) | Price Action: 14 Aug 2024 Low |
Stop Loss 2 | 292.00 (-2.55%) | Price Action: 06 Aug 2024 Low |
Stop Loss 3 | 286.20 (-4.49%) | Price Action: Jul 2023 High |
Summary: Acknit Industries Share Price Prediction For 2024
In summary, Acknit Industries has surged by ₹37.64, achieving a notable +14.37% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Acknit Industries for 2024 predicts an additional rise of 1.41% to 4.12% by the end of 2024 with three potential targets T1: 303.89, T2: 308.64, T3: 312.00. Stop Loss at SL1: 295.04, SL2: 292.00, SL3: 286.20.
Acknit Industries has a 52-week high of ₹369.45, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹198.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Acknit Industries.
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Acknit Industries Share Price Target For 2025
![Acknit Industries Targets For 2025 Chart](/wp-content/uploads/nip_uploads/charts/acknit_nextyear_20240906.webp)
The line chart displays the monthly closing prices of Acknit Industries with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Acknit Industries shares in 2025, see the table below.
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Acknit Industries Share Price Target Table For 2025
Acknit Industries's Levels | Value | Reason/Importance |
---|---|---|
2025 Target 3 | 423.12 (+41.2%) | Price Action: Chart |
2025 Target 2 | 415.23 (+38.57%) | Fibonacci Extension Level 150% |
2025 Target 1 | 407.22 (+35.9%) | Custom Fibonacci Extension Lvl 64.9% |
Current Price | 299.64 | Acknit Industries's 1 share price as of Fri 06 Sep 2024 |
Stop Loss 1 | 272.00 (-9.23%) | Price Action: Apr 2024 High |
Stop Loss 2 | 268.00 (-10.56%) | Price Action: Aug 2023 High |
Stop Loss 3 | 259.10 (-13.53%) | Price Action: Apr 2024 Low |
Summary: Acknit Industries Share Price Prediction For 2025
In summary, Acknit Industries has surged by ₹37.64, achieving a notable +14.37% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Acknit Industries for 2025 predicts an additional rise of 35.9% to 41.2% by the end of 2025 with three potential targets T1: 407.22, T2: 415.23, T3: 423.12. Stop Loss at SL1: 272.00, SL2: 268.00, SL3: 259.10.
Acknit Industries has a All-Time high of ₹369.45, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹198.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Acknit Industries, we have created a specific page for that check here: Acknit Industries Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Acknit Industries Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
![Acknit Industries Targets Chart 2024, 2025, 2026 to 2039](/wp-content/uploads/nip_uploads/charts/acknit_15years_20240906.webp)
This chart presents a detailed projection of Acknit Industries share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 12.88% over the next 15 years.
For complete year by year Acknit Industries long term share price target from 2024, 2025 to 2039 check the below table.
Acknit Industries Share Price Target Table From 2024, 2025, 2026 to 2039
Year | Acknit Industries Target | YoY Change % |
---|---|---|
2024 | ₹299.64 | [Current Price] |
2024 | ₹421.19 | 40.56% |
2025 | ₹556.09 | 32.02% |
2026 | ₹621.73 | 11.8% |
2027 | ₹770.48 | 23.92% |
2028 | ₹969.57 | 25.83% |
2029 | ₹1,148.93 | 18.49% |
2030 | ₹1,270.17 | 10.55% |
2031 | ₹1,256.96 | -1.05% |
2032 | ₹1,424.12 | 13.29% |
2033 | ₹1,672.79 | 17.46% |
2034 | ₹1,876.68 | 12.18% |
2035 | ₹1,984.25 | 5.73% |
2036 | ₹1,892.18 | -4.65% |
2037 | ₹2,077.76 | 9.8% |
2038 | ₹2,376.02 | 14.35% |
2039 | ₹2,295.79 | -3.38% |
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Acknit Industries Past Performance
![ACKNIT main](/wp-content/uploads/nip_uploads/charts/ACKNIT_main.webp)
- In 2000, Acknit Industries opening price was ₹10.5
- As of Fri 06 Sep 2024 the price stands at ₹299.64.
- This represents a Compound Annual Growth Rate (CAGR) of 14.34%.
- In 24 years, an investment of 10,000 would have become ₹2.85 Lakh.
As we wrap up, we hope you like our study on Acknit Industries share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Acknit Industries Share Price History
- Acknit Industries Price Target Tomorrow
- Acknit Industries Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.