New Delhi: Amid a sharp decline in the stock market, Alok Industries, one of India’s leading textile companies, saw its shares jump over 8% today. Reliance Industries holds a 40% stake in the company.
The broader market continued its downward trend for the fourth consecutive day, with the BSE Sensex falling nearly 700 points during trading. Over the past four sessions, the Sensex has lost around 1,500 points, wiping out more than ₹7 lakh crore in investor wealth. In this turbulent scenario, Alok Industries’ stock rose to ₹17.25 per share, up from the previous close of ₹15.86 on the BSE.
Trading activity in Alok Industries was unusually high, with 23.3 million shares exchanging hands, approximately nine times the average weekly volume. Between July and December last year, the stock faced significant selling pressure, registering a 22% decline in 2025, the largest annual fall since 2022. Established in 1986, the integrated textile company is headquartered in Mumbai.
Reliance’s Stake in Alok Industries
Reliance Industries, along with JM Financial Asset Reconstruction, acquired Alok Industries in 2020 through the insolvency process. As per the latest September quarter data, Reliance holds a 40% stake, while JM Financial ARC owns 34.99%. The stock’s 52-week high stands at ₹23.50, last touched on 8 July 2025. As of 2:41 PM, the share was trading at ₹16.33, up 2.96%.
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