2 hrs ago
Reliance-backed Alok Industries shares plunge nearly 56% year-to-date
Alok Industries is a company backed by Reliance Industries.
Its shares recently reached their lowest price in 52 weeks and have lost nearly 56% this year.
Stock exchanges noticed that the company’s trading volume had increased significantly.
They asked the company whether it had important information to disclose.
Alok Industries said it had followed all required disclosure rules.
The company still lost money during the April-to-June quarter.
Its loss was smaller than during the same quarter last year.
However, its revenue increased by 6.50%.
Alok Industries shares hit a fresh 52-week low and have fallen nearly 56% year-to-date.
The BSE and NSE sought clarification from Alok Industries over a significant increase in trading volume.
The company said it had made all disclosures required under SEBI listing regulations.
Alok Industries reported a consolidated Q1 FY27 net loss of Rs 138.25 crore, narrower than Rs 171.56 crore in Q1 FY26.
Revenue from operations rose 6.50% year-on-year to Rs 993.11 crore in the quarter ended June 30, 2026.
- Who
- Alok Industries, with Reliance Industries Limited as a major shareholder; the BSE and NSE also sought clarification.
- What
- Alok Industries shares hit a fresh 52-week low after falling nearly 56% year-to-date, while the company reported a quarterly net loss.
- Where
- The trading activity was addressed to the Bombay Stock Exchange and the National Stock Exchange.
- When
- The stock update followed a clarification request at last month-end; the results covered the quarter ended June 30, 2026.
- Why
- The BSE and NSE sought clarification because of a significant increase in Alok Industries’ trading volume; the article does not state a specific reason for the share-price decline.
Key facts
- Year-to-date share performance
- Shares fell nearly 56%.
- Share-price milestone
- The stock hit a fresh 52-week low.
- Q1 FY27 net loss
- Rs 138.25 crore.
- Q1 FY26 net loss
- Rs 171.56 crore.
- Q1 FY27 revenue
- Rs 993.11 crore.
- Revenue growth
- 6.50% year-on-year.
- Reliance Industries Limited stake
- 40.01% as of June 2026.
- JM Financial Asset Reconstruction Company stake
- 34.99% as of June 2026.
Quotes
Alok Industries
The Reliance-backed company responding to stock exchange queries
“We wish to inform you that: We have made all disclosures which are required to be made in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).”
businesstoday.in
“There is no information which has not been announced to the stock exchanges and which should have been announced by the Company in terms of the Listing Regulations.”
businesstoday.in
Sources
Related news
Ashish Dhawan Builds Religare Stake Amid Restructuring Uncertainty
Tata Consumer, Rallis India Hit Lows Despite Profit Growth
Seven Indian Stocks Slide to Fresh 52-Week Lows
Stocks in News: IPO Debuts, Stake Sales, and Corporate Updates
Karamtara Engineering Shares Surge 26% In Strong Market Debut
NSE’s Rs 22,569-Crore IPO Opens With 9% Subscription
Six IPOs Make Varied Debuts, Led by LCC Projects
NSE Opens Doors to Public Investors After Decade-Long Wait
