Alok Industries spurts on massive volumes

Alok Industries spurted 11.8% to Rs 12.13 at 13:03 IST on BSE after a large bulk deal of 2.26 crore shares was executed on BSE at 9:38 IST at Rs 10.75 per share.

Meanwhile, the S&P BSE Sensex was up 92.95 points or 0.33% at 28,535.66.

On BSE, so far 3.29 crore shares were traded in the counter as against average daily volume of 29.75 lakh shares in the past one quarter. On NSE, a massive 4.23 crore shares exchanged hands so far.

On BSE, the stock hit a high of Rs 12.35 and a low of Rs 10.75 so far during the day. The stock had hit a 52-week high of Rs 16.32 on 11 June 2014. The stock had hit a 52-week low of Rs 5.80 on 26 March 2014.

The stock had underperformed the market over the past one month till 3 December 2014, sliding 12.64% compared with Sensex's 2.09% rise. The scrip had also underperformed the market in past one quarter, declining 13.75% as against Sensex's 4.8% rise.

The small-cap company has equity capital of Rs 1377.32 crore. Face value per share is Rs 10.

Alok Industries' net profit declined 53.2% to Rs 45.36 crore on 0.4% growth in net sales to Rs 3744.84 crore in Q2 September 2014 over Q2 September 2013.

Alok Industries is India's largest fully integrated textile company with a dominant presence in the cotton and polyester segments.

Powered by Capital Market - Live News