This BSE SME stock hits new lifetime highs in two consecutive trading sessions this week

This BSE SME stock hits new lifetime highs in two consecutive trading sessions this week

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-23T17:09:06+05:30

This leather goods company’s share price has risen 135% in just three months. 

The week has been interesting for AKI India Ltd, a producer and exporter of leather goods wherein its shares stock has climbed to its new high in two consecutive sessions this week and continues to witness positive momentum. 

On August 22, shares of AKI India climbed to a new lifetime high of Rs 73.45 apiece levels on BSE. Today the stock opened at Rs 77.10 and was locked in the upper circuit of 5% for the rest of the trading session. At Rs 77.10, the shares of AKI India have logged a new all-time high.

This Consumer Durables sector stock, with a market capitalisation of Rs 103 crore has given mindboggling exponential returns in the last 3 years, as such, the share price has given simple returns of 151%, 624%, 762% and 961% in the last 6 months, 1 year, 2 years and 3 years, respectively.

Putting in monetary terms, Rs 1 lakh invested in shares of AKI India 3 months back would have become Rs 2,35,000, in 6 months, however, it would have become Rs 7,24,000, Rs 862,000 in 1 year and around Rs 10,61,000 in just 3 years.

In the same period, BSE Sensex had given simple returns of 2.57%, 6.23%, 52.92% and 61.14%, respectively.

AKI India is engaged in the activities of producing and export of saddlery goods, services of the leather shoes and trading of leather chemicals at the domestic level. It deals in all kinds of footwear’s leather accessories. The company has a monthly production capacity of, 1200000 Sq. Ft. for leather upholstery, bag leather, belt leather and footwear leather.

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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