The share price of Akshar Spintex has been increasing rapidly in recent days. On Monday, in the trading session, the company’s share was trading at Rs. 7 with a 4.48% increase. The share had reached a high of Rs. 8.50, which was 52-week high, while it was at a low of Rs. 4.58. The total market capitalization of the company is Rs. 175 crore. In the past five days, the company’s share has provided a return of 15% to its investors. On January 13, 2023, the share was trading at Rs. 5, which is 40% higher than the current price. On Thursday, November 23, 2023, the share closed at Rs. 7.50 with a 2.04% increase, while on Friday, November 24, 2023, the share was trading at Rs. 7.20 with a 4.00% decrease.
Recently, Akshar Spintex informed SEBI that the company has received an order worth Rs. 1.71 billion. These orders will help the company increase its revenue and also improve the chances of receiving good orders for high-quality yarns from its global customers in the future. The company has reduced its debt by Rs. 80 million. It is expected that in the coming years, the company will see significant growth in its business and profits. According to market experts, Akshar Spintex’s share has the potential to touch a price range of Rs. 9 to 12 lakh in the next few days. It is advised to place a stop-loss at Rs. 5 when investing in this share. Akshar Spintex primarily operates in the textile production business, with its establishment in Jamnagar, Gujarat in 2013. The company is mainly engaged in the production of cotton yarn.
Here is the information on Akshar Spintex Share Price as of 24th November 2023:
- The share price of Akshar Spintex has been increasing rapidly in the past few days.
- During Monday’s trading session, Akshar Spintex shares were trading at Rs. 7 with a 4.48% increase.
- The company’s share reached a 52-week high of Rs. 8.50, which was 4.58% above the lower level of Rs. 4.58.
- The company’s total market capitalization is Rs. 175 crores.
- Over the past five days, Akshar Spintex shares have provided a 15% return to its investors.
- On 13th January 2023, the company’s shares were trading at Rs. 5, which is 40% higher than the current market price.
- On 23rd November 2023, the share price of Akshar Spintex closed at Rs. 7.50 with a 2.04% increase.
- On 24th November 2023, the share price was trading at Rs. 7.20 with a 4.00% decrease.
- Akshar Spintex recently received an order worth Rs. 1.71 billion, which will help increase the company’s revenue and improve its chances of receiving more orders in the future.
- The company has reduced its debt by Rs. 8 crores.
- Experts believe that Akshar Spintex shares have the potential to touch a price range of Rs. 9 to Rs. 12 lakhs in the coming days.
- It is advisable to set a stop-loss at Rs. 5 while investing in this share.
- Akshar Spintex is primarily involved in the textile production business, specifically in the production of silk thread.
- The company was established in 2013 in Jamnagar, Gujarat.
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