RIL-backed stock hits fresh 52-week low; shares plunge nearly 56% YTD

Shares of Alok Industries Ltd fell sharply in Thursday's early trade, snapping their two-day upmove. The Reliance Industries Ltd (RIL)-backed penny stock plunged 5.74 per cent to hit a new 52-week low of Rs 7.06. It was last seen trading 4.81 per cent lower at Rs 7.13. At this level, the counter has crashed 55.69 per cent so far in the calendar year 2026.

According to BSE, EPS (Earnings Per Share) based on the previous four trailing quarters in the scrip is zero. The high-low price variation was greater than 75 per cent in the previous three months, 100 per cent in the previous six months and 150 per cent in the previous 12 months. As per NSE, the company has been loss-making for the last eight quarters.

At last month-end, stock exchanges BSE and NSE 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.