Acknit Industries standalone net profit declines 10.16% in the December 2022 quarter

Acknit Industries standalone net profit rises 178.57% in the June 2021 quarter

The credit rating agency also reaffirmed the short-term rating at ICRA A3. The outlook on the long-term rating is ‘Stable’.

BRIEF-Acknit Industries Reports Higher Dec-Quarter Profit

Price return has been average, nothing exciting

Can be considered moderately valued vs the market

Lagging behind the market in financials growth

Showing good signs of profitability & efficiency

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Good time to consider, stock is not in the overbought zone

Acknit Industries is engaged in manufacturing of all types of garments, gloves (both cotton and leather) and other apparels (both cotton and leather)