Alok Industries Share Price | Investors pounce on the shares of Reliance Group Company worth Rs 20, the stock will become rich – NSE: ALOKINDS
Alok Industries Share Price | A big fall was seen in the stock market on Thursday 09 January 2025. In this ups and downs in the stock market, Alok Industries Limited Company stock has come into focus. Shares of Alok Industries Limited Company reached a 52-week low. The share had touched a high of Rs 19.86 during trading. But now Alok Industries Limited Company is trading higher and the share has crossed the level of Rs 20. Shares of Alok Industries Limited Company reached a 52-week high of Rs 39.05. On Friday (January 10, 2025), the stock was trading at Rs 19.4, down 2.51%.
Reliance Group's stake in Alok Industries
Alok Industries Company is a joint venture between Reliance Industries and JM Financial Asset Reconstruction. Reliance Group holds 40.01 percent stake in Alok Industries Limited and 34.99 percent stake in JM Financial Assets Reconstruction Limited. Public shareholders hold 25 percent stake in Alok Industries Limited Company.
Alok Industries Company Share Target Price
Stock market expert Sugandha Sachdeva has given positive signals for Alok Industries Company shares. Sugandha Sachdeva has advised to buy shares of Alok Industries Company in the range of Rs 19.90. Experts have given a target price of Rs 21.30 for the share. Also it is advised to keep a stoploss of Rs 19.
How was the company's September financial quarter results?
According to the data, the loss of Alok Industries Limited company increased in the second quarter. Alok Industries Company has suffered a loss of Rs 262.10 crore in the second quarter. Due to this, Alok Industries had suffered a loss of Rs 174.83 crore in the second quarter of the last financial year. Similarly, the operating income of Alok Industries Company declined by 35.46 percent to Rs 885.66 crore during the period. Alok Industries Ltd Ltd's total income including other income declined by 34.97 per cent to Rs 898.78 crore in the September quarter.
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