Alok Industries
20.23
-0.19(-0.93%)
Market Cap₹10,139.00 Cr
PE Ratio-
IndustryTextiles
Company Performance:
1D-0.93%
1M+3.00%
6M-4.49%
1Y-31.07%
5Y-61.90%
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Latest news about Alok Industries
Alok Industries Sees Major Block Trade Amid Financial Challenges Apr 22, 2025
A significant block trade of 12,126,303 shares of Alok Industries Ltd. was executed on the NSE at Rs. 19.67 per share, totaling Rs. 238.52 crore. This occurs as the company faces ongoing financial challenges, reporting a Q4 FY2025 standalone net loss of Rs. 67.75 crore and consolidated net loss of Rs. 74.47 crore. The company is dealing with operational issues, including tornado damage to its Silvassa plants, and has engaged in asset sales to mitigate financial pressures. Despite accumulated losses of Rs. 22,868.40 crore, management maintains a going concern basis citing improving market conditions. Recent management changes include new appointments for CFO and Company Secretary positions.
Alok Industries Reports Narrowed Losses in Q4 FY25 Amid Challenging Market Conditions Apr 21, 2025