Acknit Industries (ACKNIT) Share Price Falls 8.73% Today to Rs 308
- September 11, 2026
- Posted by: Harsh Piplani
- Category: News
Acknit Industries Share Price fell to Rs 308 on 11 September 2026, down 8.73% from the previous close of Rs 337.45. The move reduced the Micro Cap textile company’s market capitalisation to Rs 102.58 crore. Verified market data also shows that the stock opened at Rs 337.4, touched the same level as the day’s high, and later slipped to an intraday low of Rs 305.55. Turnover stood at Rs 0.08 crore.
For investors following Acknit Industries Share Price Today and recent Acknit Industries Stock News, the key point is that the dataset confirms the decline but does not identify a company-specific trigger. Even without a stated catalyst, the move is notable because the stock weakened from the opening print and stayed below that level through the session. The supplied RSI is 52.02, which is broadly neutral rather than extreme, so the day’s action is best read alongside valuation, profitability and industry benchmarks rather than through momentum alone.
Acknit Industries (ACKNIT) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 308 |
| Previous Close | Rs 337.45 |
| Today's Move | -Rs 29.45 (-8.73%) |
| Open | Rs 337.4 |
| High | Rs 337.4 |
| Low | Rs 305.55 |
| Turnover | Rs 0.08 crore |
| Market Capitalisation | Rs 102.58 crore |
| Market Cap Category | Micro Cap |
Acknit Industries Share Price Today reflects a clear intraday decline. The stock started at Rs 337.4, which also remained the day’s high, then fell to Rs 305.55 before trading near Rs 308 around the event timestamp of 11 September 2026 at 4:50:30 PM IST. That pattern suggests the weakness was not to a brief dip but persisted through the session.
Technical context is mixed. The current price is below the 50-day moving average of Rs 327.91, which shows near-term pressure, but it is still above the 200-day moving average of Rs 292.15, which means the longer reference point is lower than the current market price. RSI at 52.02 does not indicate an overheated or severely stretched momentum setup. In simple terms, today’s decline is sharp on a single-day basis, yet the broader technical picture is not one-dimensional.
Turnover of Rs 0.08 crore is also relevant because smaller-cap stocks can show larger percentage moves under relatively light trading conditions. That does not explain the reason for the move, but it does help frame how price behaviour in a Micro Cap stock can become more volatile within a single session.
Acknit Industries (ACKNIT) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 102.58 crore |
| P/E Ratio | 11.85x |
| P/B Ratio | 1.05x |
| ROE | 8.97% |
| ROCE | 9.65% |
| EPS | Rs 28.48 |
| Book Value Per Share | Rs 320.26 |
| Dividend Yield | 0.44% |
Acknit Industries Fundamental Analysis points to moderate valuation and middling profitability. The stock trades at a P/E ratio of 11.85 and a P/B ratio of 1.05. Those are not high headline multiples, especially with the market price of Rs 308 sitting slightly below the reported book value per share of Rs 320.26.
Profitability is positive but not standout. Return on equity is 8.97% and return on capital employed is 9.65%. EPS is Rs 28.48, while dividend yield is 0.44%. Together, these figures describe a smaller textile company that appears reasonably valued on supplied multiples, though its return metrics do not suggest the kind of operating strength seen in the sector’s top-performing names.
That balance matters for Acknit Industries Share Price because a sharp price fall can look different depending on what sits underneath it. A low-to-moderate valuation can provide context, but it does not by itself remove concern when returns are only around industry mid-levels.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Textile |
| Industry | Textile |
| Benchmark Scope | same industry |
| Company P/E Ratio | 11.85x |
| Benchmark Median P/E | 16.2x |
| Benchmark Average P/E | 71.58x |
| Benchmark P/E Range | 0.64x to 2,206.46x |
| Company P/B Ratio | 1.05x |
| Benchmark Median P/B | 1.16x |
| Benchmark Average P/B | 2.88x |
| Company ROE | 8.97% |
| Benchmark Median ROE | 6.88% |
| Benchmark Average ROE | 8.81% |
| Company ROCE | 9.65% |
| Benchmark Median ROCE | 9.27% |
| Benchmark Average ROCE | 12.88% |
| Company Market Capitalisation | Rs 102.58 crore |
| Benchmark Median Market Cap | Rs 97.48 crore |
| Benchmark Average Market Cap | Rs 1,216.47 crore |
The industry benchmark covers 225 Textile companies, which makes sector comparison useful in evaluating whether this stock looks expensive, cheap or roughly average. On valuation, Acknit sits below the median on both main measures. Its P/E of 11.85 is below the sector median of 16.2, and its P/B of 1.05 is below the median of 1.16. The average P/E of 71.58 is distorted by the very wide range of 0.64 to 2,206.46, so the median is the more practical reference point here.
Profitability is more balanced. ROE of 8.97% is above the sector median of 6.88% and slightly above the average of 8.81%. ROCE of 9.65% is above the median of 9.27% but below the average of 12.88%. Market capitalisation of Rs 102.58 crore is marginally above the benchmark median of Rs 97.48 crore, though far below the average because the sector includes much larger companies.
For Acknit Industries Share Price, that combination suggests a stock that screens cheaper than sector medians while delivering returns that are respectable but not exceptional. It is neither a clear premium story nor a clear outlier on weakness in the supplied fundamentals.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Page Industries | PAGEIND | 39,851.01 | 52.72 | 23.51 | 52.5 | 73.6 |
| K.P.R. Mill | KPRMILL | 38,970.21 | 42.27 | 6.47 | 16.2 | 20.16 |
| Welspun Living | WELSPUNLIV | 19,896.49 | 71.62 | 4.13 | 4.38 | 6.41 |
| Vardhman Textiles | VTL | 16,882.33 | 19.66 | 1.54 | 7.39 | 8.91 |
| Arvind | ARVIND | 15,556.64 | 37.42 | 3.37 | 10.92 | 15.3 |
The peer table shows how small Acknit is relative to better-known listed textile names. Its market cap of Rs 102.58 crore is far below Page Industries at Rs 39,851.01 crore, K.P.R. Mill at Rs 38,970.21 crore, Welspun Living at Rs 19,896.49 crore, Vardhman Textiles at Rs 16,882.33 crore and Arvind at Rs 15,556.64 crore. That large size difference means direct comparison should be treated cautiously.
Even so, the valuation gap is visible. Acknit’s P/E of 11.85 is below all five peers, including Vardhman at 19.66 and Arvind at 37.42. Its P/B ratio of 1.05 is also below Vardhman’s 1.54 and below the richer multiples of the larger names. On returns, however, Acknit is not leading the pack. ROE of 8.97% is above Welspun Living’s 4.38% and Vardhman’s 7.39%, but below Arvind’s 10.92%, K.P.R. Mill’s 16.2% and Page Industries’ 52.5%. ROCE of 9.65% is above Welspun Living’s 6.41% and Vardhman’s 8.91%, yet below Arvind, K.P.R. Mill and Page Industries.
This leaves a fairly straightforward conclusion: the stock looks cheaper than these larger peers, but the return profile does not match the strongest companies in the group.
Why Investors Are Watching Acknit Industries
- The stock fell 8.73% in one session, from Rs 337.45 to Rs 308.
- It opened at Rs 337.4, which was also the intraday high, then moved down to Rs 305.55.
- Valuation is relatively modest at 11.85 times earnings and 1.05 times book value.
- The current market price is slightly below the reported book value of Rs 320.26 per share.
- ROE of 8.97% and ROCE of 9.65% place profitability around the middle of the textile benchmark range.
- The stock trades below sector median P/E and P/B, which keeps valuation in focus after the decline.
About Acknit Industries
Acknit Industries operates in the Textile sector and Textile industry according to the supplied classification. It is tagged as a Micro Cap company with a market capitalisation of Rs 102.58 crore. The dataset does not provide business segment or product-level details, so the analysis here is to market data, valuation measures, profitability ratios and sector comparisons. That still offers a useful framework for tracking Acknit Industries Share Price against the broader listed textile universe.
Track Acknit Industries Share Price on Univest
UseAcknit Industries (ACKNIT) live share-price page,Univest top decliners screener,Univest market blogsto review live stock data, top decliners and related market analysis.
Readers looking for Acknit Industries Share Price updates can use Univest to place daily price action alongside valuation metrics, peer comparisons and sector benchmarks. That helps frame a one-day decline with broader context instead of viewing the move in isolation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is Acknit Industries Share Price today?
Ans. Acknit Industries Share Price Today is Rs 308, down 8.73% or Rs 29.45 from the previous close of Rs 337.45. The stock traded between Rs 305.55 and Rs 337.4 during the session covered in this update.
Why is Acknit Industries falling today?
Ans. The supplied data confirms that Acknit Industries fell 8.73% today, but it does not establish a company-specific catalyst. What is verified is the price move from Rs 337.45 to Rs 308, along with turnover of Rs 0.08 crore.
What does today's price action show for Acknit Industries?
Ans. Today’s price action shows weakness from the opening bell because Acknit Industries opened at Rs 337.4, which was also the intraday high, and later slipped to Rs 305.55 before trading near Rs 308 around the event timestamp.
How is Acknit Industries valued compared with the Textile sector?
Ans. Acknit Industries trades at a P/E of 11.85 versus the Textile median of 16.2, and at a P/B of 1.05 versus the sector median of 1.16. That places valuation below benchmark medians on both measures.
What do ROE and ROCE indicate for Acknit Industries?
Ans. Acknit Industries has ROE of 8.97% and ROCE of 9.65%. These figures are above the Textile median values of 6.88% and 9.27%, while ROCE remains below the industry average of 12.88% in the supplied benchmark.
What are the EPS, book value and dividend yield of Acknit Industries?
Ans. Acknit Industries reports EPS of 28.48, book value of Rs 320.26 and dividend yield of 0.44. The current market price of Rs 308 is slightly below the stated book value per share in the dataset.
How does Acknit Industries compare with larger Textile peers?
Ans. Acknit Industries is far smaller than peers such as Page Industries, K.P.R. Mill, Welspun Living, Vardhman Textiles and Arvind. Its P/E of 11.85 is lower than all five, while its profitability trails the strongest names in that group.
What should investors track next?
Ans. Investors can track whether the stock holds near Rs 308 after today’s decline, how it behaves versus the 50-day average of Rs 327.91 and 200-day average of Rs 292.15, and whether valuation metrics continue to look supportive relative to industry.
