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Acknit Knitting

Suresh Senior
Silver Member

4565 Messages

Acknit Industries Recommending for smart gains. Small equity of 3 Cr, promotors holding 51%. Yearly high of 109 and low of 45. Book value 170 , reserves of 50 Cr. Borrowings reduced substantially which will have positive impact on interest cost. Nine month ended Dec company has posted EPS of 14 and may likely to post EPS of 20 for FY21. Consist dividend payout. On current price pe is less than 5, Even we take very conservative PE of 8 price should be 160. That is almost 70% appreciation. In 2017 and 2018 price was quoting higher than 160. Recommend to buy for target price of 175

6.19 PM May 10th
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