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Acknit Industries Share Price Target 2024, 2025, 2026 to 2039 With Charts
Acknit Industries Limited | |||
 | Symbol: ACKNIT | ||
| Price: ₹291.04 | |||
| Exchange: BSE | |||
| -> | |||
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 | 92.11 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. |
| 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, a small-cap stock with a market capitalization of ₹89.07 crore, presents a mixed picture. While its impressive 3-year return of 309.91% and strong YTD return of 11.08% are attractive, a recent revenue decline of -16.4% and a significant debt of ₹58.55 crore (Q1 2024-25) raise concerns. Although the profit margin is healthy at 39.28%, the high debt-to-equity ratio warrants caution. Therefore, Acknit Industries is an average buy for the long term; further due diligence and monitoring of financial health are crucial before making any investment decision.
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
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 | 300.00 (+3.07%) | Price Action: 14 Oct 2024 Low |
| 2024 Target 2 | 294.70 (+1.25%) | Fibonacci Extension Level 123.6% |
| 2024 Target 1 | 291.74 (+0.24%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 291.04 | Acknit Industries's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 290.83 (-0.08%) | Price Action: Chart |
| Stop Loss 2 | 287.70 (-1.15%) | Price Action: 28 Oct 2024 Low |
| Stop Loss 3 | 282.52 (-2.93%) | Price Action: Chart |
Summary: Acknit Industries Share Price Prediction For 2024
In summary, Acknit Industries has surged by ₹29.04, achieving a notable +11.08% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Acknit Industries for 2024 predicts an additional rise of 0.24% to 3.07% by the end of 2024 with three potential targets T1: 291.74, T2: 294.70, T3: 300.00. Stop Loss at SL1: 290.83, SL2: 287.70, SL3: 282.52.
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 ₹210.00, 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
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 | 380.69 (+30.8%) | Price Action: Chart |
| 2025 Target 2 | 373.59 (+28.36%) | Price Action: Chart |
| 2025 Target 1 | 369.89 (+27.09%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 291.04 | Acknit Industries's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 272.00 (-6.55%) | Price Action: Apr 2024 High |
| Stop Loss 2 | 268.00 (-7.92%) | Price Action: Aug 2023 High |
| Stop Loss 3 | 259.10 (-10.98%) | Price Action: Apr 2024 Low |
Summary: Acknit Industries Share Price Prediction For 2025
In summary, Acknit Industries has surged by ₹29.04, achieving a notable +11.08% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Acknit Industries for 2025 predicts an additional rise of 27.09% to 30.8% by the end of 2025 with three potential targets T1: 369.89, T2: 373.59, T3: 380.69. 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 ₹210.00, 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
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 4.91% 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 | ₹291.04 | [Current Price] |
| 2024 | ₹343.67 | 18.08% |
| 2025 | ₹354.37 | 3.11% |
| 2026 | ₹344.23 | -2.87% |
| 2027 | ₹376.98 | 9.51% |
| 2028 | ₹430.07 | 14.08% |
| 2029 | ₹470.42 | 9.38% |
| 2030 | ₹476.09 | 1.2% |
| 2031 | ₹454.87 | -4.46% |
| 2032 | ₹490.82 | 7.9% |
| 2033 | ₹552.54 | 12.57% |
| 2034 | ₹597.16 | 8.07% |
| 2035 | ₹597.79 | 0.1% |
| 2036 | ₹565.5 | -5.41% |
| 2037 | ₹604.66 | 6.92% |
| 2038 | ₹675.03 | 11.63% |
| 2039 | ₹672.45 | -0.39% |
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Acknit Industries Past Performance
- In 2000, Acknit Industries opening price was ₹10.5
- As of Thu 14 Nov 2024 the price stands at ₹291.04.
- This represents a Compound Annual Growth Rate (CAGR) of 14.21%.
- In 24 years, an investment of 10,000 would have become ₹2.77 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.
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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.
