Stock of this RIL-owned company has jumped 600% from March low

The rally, some analysts argue, comes on the back of the company's change in focus from being a textile play to manufacturing protective gear in battling the Covid-19 pandemic

Even as the parent company Reliance Industries (RIL) recalibrated its strategy and attracted global marquee investors to invest in its telecom vertical, Jio Platforms, another Mukesh Ambani – controlled company was silently gaining ground at the bourses.

The stock of Alok Industries has zoomed over 600 per cent to Rs 37 levels since March 23 low of Rs 5.29 when the market hit its recent low. In comparison, the S&P BSE Sensex has gained around 48 per cent. The rally in Alok Industries also eclipsed the rise in S&P BSE Mid-cap and S&P BSE Small-cap indices, which gained 50 per cent