{"id":108604,"date":"2023-08-31T12:56:01","date_gmt":"2023-08-31T07:26:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108604"},"modified":"2023-08-31T12:56:03","modified_gmt":"2023-08-31T07:26:03","slug":"textile-stock-owned-by-reliance-industries-jumps-up-to-13-after-agm-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-owned-by-reliance-industries-jumps-up-to-13-after-agm-check-the-details\/","title":{"rendered":"Textile stock owned by Reliance Industries jumps up to 13% after AGM; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3298115916\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small cap company traded 13% higher on Thursday&#8217;s first half after their annual figures came to sight the previous day.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3644438368\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The share prices of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ALOKINDS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Alok Industries<\/a><\/strong> opened at Rs. 18 levels and gained nearly 13% to reach its intra- day high of Rs. 20.10. The stock has returned 22.26% and 42.8% in the last one and six months.<\/p><p>In 2019, after the insolvency of the company, Reliance Group bought a stake of 40.01% in the company.<\/p><p>The company currently has a market capitalization of Rs. 8,475.67 crore. Compared on a QoQ basis, the company has reported a reduction in revenue of 9.69%. In Q4FY23, the revenue stood at Rs. 1,561.5 crore which was Rs. 1,410.25 in Q1FY24. Its net loss has come down from Rs. -297.55 crore in Q4FY23 to Rs. -226.14 crore in Q1FY24.<\/p><div class=\"trade-content_5\" id=\"trade-2473747537\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to its shareholding pattern, other than Reliance Industries, JM Financial Asset Reconstruction Company Limited has a stake of 34.99%. The public holds a total of 22.52% stake in the company.<\/p><p>Alok Industries, owned by Reliance Industries,is a textile manufacturing company incorporated in 1986. It is headquartered in Mumbai, India. It specialises in cotton and polyester related products such as cotton yarn, garments, home textiles, polyester yarn, and many more. The company has its manufacturing units set up in Navi Mumbai, Silvassa and Vapi.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3223510302\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small cap company traded 13% higher on Thursday&#8217;s first half after their annual figures came to sight the previous day. The share prices of Alok Industries opened at Rs. 18 levels and gained nearly 13% to reach its intra- day high of Rs. 20.10. The stock has returned 22.26% and 42.8% in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7440,7438,7439,7437,948,936,7441],"class_list":["post-108604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-alok-industries-jumps-12","tag-alok-industries-latest-news","tag-alok-industries-news-2023","tag-alok-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-did-alok-industries-jump-today"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock owned by Reliance Industries jumps up to 13% after AGM; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap company traded 13% higher on Thursday&#039;s first half after their annual figures came to sight the previous day.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/textile-stock-owned-by-reliance-industries-jumps-up-to-13-after-agm-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile stock owned by Reliance Industries jumps up to 13% after AGM; 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