The bullet hit Joginder Pal (60), a bakery owner at Amar Pura near Kidwai Nagar here, in the back.
He was immediately rushed to CMC Hospital where he was stated to be stable.
Ludhiana ACP, Satish Malhotra said that the police is working on various theories.
The incident took place around 1 PM, he said.
Joginder Pal was working inside the factory when he was attacked, the ACP added.
Last month, two unidentified assailants had fired shots at a Rashtriya Swayamsevak Sangh shakha but there were no casualties as the ground was vacant, at new Kidwai Nagar Park, here.
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