Mumbai News, 28 February 2026: As the Indian stock market is closed on Saturday, the shares of Akshar Spintex Ltd are based on Friday’s closing price. The last closing price of the company’s shares on NSE and BSE is ₹0.42, which is 2.33% lower than the previous day. The company’s (Akshar Spintex Share Price) shares have recently hit a new 52-week low, raising concerns among investors due to weak market performance and financial data.
NSE and BSE live updates (Saturday, 28 February 2026)
Since the market is closed on Saturday, there is no live trading. However, here are the updates based on Friday (27 February 2026) closing prices:
NSE (NSE: AKSHAR):
Closing price ₹0.42, change during the day -0.01 (-2.33%). Day’s high ₹0.44, low ₹0.42. Volume around 10,01,102 shares. 52-week high ₹0.76, low ₹0.42. The shares have dropped 30% in the past year.
BSE (541303):
Closing price ₹0.42, change -0.01 (-2.33%). Intraday high ₹0.44, low ₹0.42. Volume around 205,442 shares. The company’s market cap is about ₹33.1 crore.
The company’s shares have dropped by 26.32% over the past six months, with a 12.24% fall in the last month alone. This decline is due to the company’s weak financial performance and the overall negative market sentiment. The company’s book value is ₹1.08, while the ROCE (Return on Capital Employed) is -6.01%.
The target price of Dalal Street experts and top brokers
Experts and leading brokers on Dalal Street have expressed mixed opinions about Spintex’s shares. Some analysts have shown a negative outlook in the short term, while others see long-term potential as positive.
- According to Stockinvest.us, shares are expected to drop by -14.07% over the next 3 months. The target price is between ₹0.368 and ₹0.427. These shares have been upgraded as a ‘sell candidate’ because the trend is weak.
- According to Alphaspread, the company’s shares are 43% undervalued. The intrinsic value is ₹0.75, while the current price is ₹0.43.
- According to Tradingview, the technical rating is ‘Strong Sell’.
- On Sharekhan, community opinion: 48.28% ‘Buy’, 34.48% ‘Hold’, 17.24% ‘Sell’.
- Simplywall.st and other analysts don’t have enough coverage, so estimates for earnings and revenue growth aren’t available.
Overall, experts are advising caution in the short term because the company’s ROE is -2.49% and promoter holding has dropped by 43.5% over the past 3 years. However, some analysts see potential in the long term.
Other news about Akshar Spintex Limited
Akshar Spintex Limited is a company in the textile industry that produces and trades cotton yarn. The company produces natural cotton, organic cotton and other fibres. Founded in 2013, the company is headquartered in Rajkot, Gujarat.
Financial updates:
On 13 February 2026, the third quarter (31 December 2025) unaudited results were announced in the board meeting. Total income was ₹3,597.28 lakh, and the net loss was ₹379.50 lakh. The auditor could not verify the assets and inventory.
Management changes:
On 24 February 2026, the board approved the Materiality Policy and appointed Harikrishna Chauhan and Ilaben Pagdar as KMPs. Future appointments on 21 February: Bhavish Kotia (Independent Director, 24 November 2025 to 23 November 2030) and Harry Pagdar (Executive Director, 18 February 2026 to 17 February 2031).
Board meetings:
POM (Preliminary Offer Meeting) on 20 February 2026, quarterly results on 13 February.
Market news:
The company’s shares hit a 52-week low of ₹0.42 due to weak financial metrics. Last year, a -28.33% return.
Disclaimer:
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