Alok Industries Share Price
Shares of Alok Industries, a Reliance Group company, are trading below Rs 30. Alok Industries is a company that mainly operates in the textile sector.
In the last one month, the shares of Alok Industries Company have given a return of 10.74 percent to its investors. (Alok Industries Company Excerpt) On a YTD basis, the share price of the company has increased by 35%. In the last one year, the shares of the company have returned more than 70 percent to its investors. The stock of Alok Industries was trading 0.43 percent down at Rs 28.11 on Friday, July 5, 2024.
Shares of Alok Industries Limited closed at Rs 28.55 in the trading session on Wednesday. Meanwhile, the stock had touched a high of Rs 29.19 during the day’s trading. The 52-week high of the company’s shares was Rs 39.24. On July 31, 2023, the shares of the company were trading at a 52-week low of Rs 14.56. Recently, the Board of Directors of Alok Industries Company has made a major change in its management board.
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The Board of Directors of the company has appointed Anil Kumar Mugad as the Chief Financial Officer and Chief Managing Officer of the company from July 1, 2024. Anil Mugad is a chartered accountant. He has more than 30 years of experience working in this field. If you look at the shareholding pattern of Alok Industries Company owned by Mukesh Ambani, you will understand that 75 percent of this company is owned by the promoters.
Reliance Industries is the promoter company of Alok Industries Company. Mukesh Ambani’s Reliance Industries Company holds 1,98,65,33,333 shares i.e. 40.01 per cent stake in Alok Industries Company. JM Finance firm holds 1,73,73,11,844 shares or 34.99 per cent stake in the company. Disclaimer: Investment in mutual funds and stock market is based on risk. Consult your financial advisor before investing in the stock market. Hindustanfocus.in will not be responsible for any financial loss.