Markets at a glance

Number of up/down move3/2
Grabal Alok Impex, a group company of Alok Industries has witnessed a rise of 17 per cent in the last one month, which is noteworthy in the current volatile market. The stock ended the week with a gain of 28 per cent to Rs 129.5.  A reason could be its robust financial performance in the December 2007 quarter. Net sales jumped 38.4 per cent to Rs 32.82 crore and exports almost doubled to Rs 21.79 crore. Both operating profit and net profit rose at a faster rate of about 55 per cent each to Rs 10.9 crore and Rs 3.43 crore respectively.  The company's nine months ended sales has almost covered its FY07 while its profits have already crossed the FY07 numbers. The company manufactures and exports all kinds of embroidered products having wide application in home textiles, apparel fabrics and garments.