Akshar Spintex Faces Persistent Challenges Amidst Textile Sector Volatility

Feb 17 2025 09:41 AM IST
share
Share Via
Akshar Spintex, a microcap textile company, has hit a new 52-week low, reflecting significant volatility and a 74.51% decline over the past year. The stock is trading below all major moving averages, indicating ongoing challenges in a competitive market and underperformance compared to its sector.
Akshar Spintex, a microcap player in the textile industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 0.64. This decline marks a notable downturn for the company, which has underperformed its sector by 3.06%. Over the past two days, the stock has continued its downward trajectory, recording a total loss of 4.41%.

In terms of moving averages, Akshar Spintex is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend. The company's performance over the past year has been particularly challenging, with a staggering decline of 74.51%, contrasting sharply with the Sensex's positive performance of 4.24% during the same period.

These metrics highlight the ongoing struggles faced by Akshar Spintex in a competitive market environment, reflecting broader challenges within the textile sector. Investors and market watchers will be keen to observe how the company navigates these difficulties moving forward.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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