According to reports from Mint, Alok Industries witnessed a significant 8.5% surge in its share price to ₹17.21 on Thursday, January 8, hitting a two-week high. The rally occurred despite the Indian stock market continuing to trade with losses for the fourth straight session amid uncertainty over the India-US trade deal, lack of fresh domestic triggers, and rising geopolitical tensions. If the stock maintains its gains towards the end of the session, it will mark the company's first gain in three sessions.
As reported by Mint, trading volumes surged dramatically with nearly 23.3 million shares changing hands across the NSE and BSE as of 11:30 am. This represented over nine times higher than the average weekly volume of 2.5 million shares, according to Trendlyne data. The report noted that there were no fundamental triggers behind the sharp rise in Alok Industries' share price.
According to Mint, the company's shares witnessed sharp selling pressure between July and December 2025, during which the stock lost 22% of its value, closing all seven months in the red. This contributed to a 24% decline in CY25, marking the biggest annual crash since 2022. The current rally represents a recovery from this prolonged downtrend.
As reported by Mint, Reliance Industries held 40% of the company at the end of the September quarter, while JM Financial ARC held a 34.99% stake, as per BSE shareholding data. Established in 1986, Alok Industries is an integrated textile manufacturer headquartered in Mumbai with a strong presence in both cotton and polyester segments. In 2020, Reliance Industries, jointly with JM Financial Asset Reconstruction, successfully acquired Alok Industries through an insolvency and bankruptcy law auction conducted by lenders seeking to recover unpaid loans.
