RIL-backed Alok Industries shares hit fresh 52-week low; stock tumbles 53% in a year

Shares of Alok Industries Ltd plunged 4.24 per cent in Tuesday’s trade, hitting a fresh 52-week low of Rs 8.13 as the Reliance Industries Ltd (RIL)-backed textile company's stock extended its decline for the sixth consecutive session.

At last check, the stock was down 3.89 per cent at Rs 8.16, taking its one-year decline to over 52.67 per cent.

Stock exchanges BSE and NSE recently sought clarification from Alok Industries over the significant increase in its trading volume.

In its response, the company said, "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)."

"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," it added.

"We have made and will continue to make disclosures in compliance with our obligations under the Listing Regulations and our agreements with the stock exchanges," Alok Industries further stated.

Alok Industries Q1 results

On the earnings front, the Reliance-backed company reported a consolidated net loss of Rs 138.25 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with a net loss of Rs 171.56 crore in Q1 FY26. Revenue from operations, however, increased 6.50 per cent year-on-year (YoY) to Rs 993.11 crore during the quarter.

As of June 2026, RIL held a 40.01 per cent stake in Alok Industries, while JM Financial Asset Reconstruction Company owned 34.99 per cent.