Alok Industries fell 1.23% to Rs 6.45 at 12:36 IST on BSE on profit booking after the stock rose 7.57% in the preceding five trading sessions to Rs 6.53 yesterday, 5 October 2015, from a recent low of Rs 6.07 on 24 September 2015.
Meanwhile, the BSE Sensex was up 12.94 points, or 0.05%, to 26,798.49.
On BSE, so far 4.85 lakh shares were traded in the counter, compared with an average volume of 7.93 lakh shares in the past two weeks.
The stock hit a high of Rs 6.68 and a low of Rs 6.43 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.
Shares of Alok Industries rose 5.49% to Rs 6.53 yesterday, 5 October 2015, after the company announced during trading hours yesterday, 5 October 2015, that it received an additional funding worth $50 million on 1 October 2015 under the Export Performance Bank Guarantee Scheme. So far the company 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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