Alok Industries rose 4.85% to Rs 6.49 at 12:49 IST on BSE after the company said it received an additional funding worth $50 million on 1 October 2015 under the Export Performance Bank Guarantee Scheme.
The announcement was made during trading hours today, 5 October 2015.
Meanwhile, the BSE Sensex was up 387.69 points, or 1.48%, to 26,608.64.
On BSE, so far 10.03 lakh shares were traded in the counter, compared with an average volume of 11.95 lakh shares in the past one quarter.
The stock hit a high of Rs 6.61 and a low of Rs 6.22 so far during the day. The stock hit a 52-week high of Rs 13.38 on 7 October 2014. The stock hit a 52-week low of Rs 5.15 on 25 August 2015.
The stock had outperformed the market over the past one month till 1 October 2015, rising 5.45% compared with 2.04% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 13.18% as against Sensex's 6.42% decline.
The small-cap company has an equity capital of Rs 1377.32 crore. Face value per share is Rs 10.
Alok Industries said so far it has received $925 million out of the targeted $1633.33 million (Rs 9800 crore) from the Export Performance Bank Guarantee Scheme (EPBG).
Alok Industries' net profit declined 77.6% to Rs 9.72 crore on 9.8% fall in net sales to Rs 3359.53 crore in Q1 June 2015 over Q1 June 2014.
Alok Industries is India's largest fully integrated textile company, with a dominant presence in the cotton and polyester segments.
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