Alok Industries trades higher on the bourses

29 Oct 2013

Alok Industries is currently trading at Rs. 8.08, up by 0.08 points or 1.00% from its previous closing of Rs. 8.00 on the BSE.

The scrip opened at Rs. 8.11 and has touched a high and low of Rs. 8.11 and Rs. 8.00 respectively. So far 101410 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.56 on 10-Jan-2013 and a 52 week low of Rs. 5.87 on 13-Aug-2013.

Last one week high and low of the scrip stood at Rs. 8.50 and Rs. 7.93 respectively. The current market cap of the company is Rs. 1108.58 crore.

The promoters holding in the company stood at 38.22% while Institutions and Non-Institutions held 13.24% and 48.55% respectively.

Credit rating agency, CRISIL has assigned its ‘A-/Stable’ rating to the long-term bank facilities of Alok Industries. The rating reflects Alok group’s established market position in master batches industry backed by its pan-India presence and well diversified clientele. The rating also factors in the group’s comfortable financial risk profile, marked by low gearing and comfortable debt protection metrics.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.


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