Benchmark indices Sensex and Nifty 50 down 0.6% each; BSE Metal, Oil & Gas, Bankex down; BSE Power, Consumer Durables up. Cochin Shipyard (22.6%), Alok Industries (9%) top gainers; Apar Industries (16.96%), Mishra Dhatu Nigam (12.18%) also up. Govt. sanction of ₹19,000 cr for fleet support ships, RI…

Cochin Shipyard, Alok Industries, Apar Industries, Mishra Dhatu Nigam: Stocks that outperformed in the week ending August 18

The Central Bureau of Investigation has arrested four people, including two joint director-ranked officers posted in the Ministry of Corporate Affairs and an associate of Alok Industries, in connection with alleged bribery of Rs 3 lakh, officials said on Saturday.

Corporate Affairs Ministry Officials, Alok Industries Associate Among Four Arrested By CBI

Its net loss for the quarter widened by 59.73 percent to Rs 226.14 crore in Q1FY24, compared to Rs 141.58 crore in the corresponding quarter of the last fiscal year.

Alok Industries plunges 3% post Q1 results

Alok Industries Consolidated June 2023 Net Sales at Rs 1,410.25 crore, down 28.47% Y-o-Y

Reliance Industries and its partner, JM Financial ARC, acquired the insolvent Alok Industries in 2019 for Rs 5,000 crore when its loans stood at Rs 30,000 crore, that it owed to 27 banks.

Alok Industries shares jump 8% amid high volume; stock of RIL-promoted firm up 44% in 30 days

Stocks seeing turnover in excess of Rs 500 crore included Axis Bank, Hindustan Aeronautics, IKIO Lighting and State Bank of India. The NSE Nifty was trading at 18,788.95, down 0.20 per cent.

Alok Industries, YES Bank, Suzlon Energy, BHEL shares see high volumes; HDFC Bank stock leads turnover table

Textile sector has been under pressure in recent quarters. Exports have fallen as demand has declined.

Alok Industries plunges 6% as losses widen multi-fold in Q4

Stocks to watch on April 19: SBI, Bank of India, Tata Communications, ICICI Securities, Pidilite Industries, Prestige Estates, Som Distilleries, eClerx, Piramal Pharma, Zydus Lifesciences, Stampede Capital, Alok Industries

Stocks to watch today — April 19, 2023

Stocks to watch today (April 19)

RIL-promoted Alok Industries, Bombay Dyeing and Manufacturing Co, Wockhardt, Suven Life Sciences, Spencers Retail, Inox Wind, Sagar Cements, Restaurant Brands, Religare Enterprises, and Orissa Mineral Development Co, among others also remained in the red for 4 straight quarters.

RIL-backed co, new-age techies among 41 firms to post losses for 4 straight quarters

Alok Industries reports consolidated net loss of Rs 249.83 crore in the December 2022 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Alok Industries Ltd is an integrated textile company. The Company provides comprises five divisions: cotton yarn, apparel fabric, home textiles, garments and polyester yarn.