Alok Industries Share Price: Reliance Industries Chairman Mukesh Ambani has many companies whose share price is less than Rs 50. One such share is of textile sector company Alok Industries. There is an atmosphere of sluggishness in this stock for the last few days. However, in a period of one month this stock has given a positive return of 10.74 percent. At the same time, on year-to-date basis the stock has given positive returns of up to 35 percent. The return for one year period has been 70 percent.
what is the price now
There was a decline in the share price of Alok Industries on Wednesday. This share closed at the level of Rs 28.55. The share price reached Rs 29.19 during trading. The 52 week high of this share is Rs 39.24. This was the share price in January 2024. The share price on July 31, 2023 was at Rs 14.56. This is the 52-week low of the stock.
This company is giving ₹685 dividend on 1 share, investors broke on shares before record date
Change in company management
Recently, the board of directors of textile company-Alok Industries has made a major change in the management. Let us tell you that Anil Kumar Mungad has been appointed as the Chief Financial Officer and Key Managerial Personnel of the company from July 1, 2024. Anil Mungad has been a chartered accountant. He has 30 years of experience in finance. Anil has been associated with Reliance Group since 2002.
This share can go up to ₹ 35, now the price is 94% cheaper, experts said – buy
shareholding pattern
If we look at the shareholding pattern of Ambani’s Alok Industries, 75 percent stake is with the promoter. Reliance Industries is the promoter of the company. Mukesh Ambani’s Reliance Industries holds a total of 1,98,65,33,333 shares or 40.01 percent stake. Whereas, JM is Financial Asset Reconstruction. It holds 1,73,73,11,844 shares or 34.99 stake. These two companies own Alok Industries in a joint venture.
