Latest news with #AlokIndustries'
India.com
31-07-2025
- Business
- India.com
Bad news for Mukesh Ambani as Trump's tariff hit shares of this company, falls to Rs 18, company is...
Mukesh Ambani (File) Trump Tariffs: In a major setback for billionaire Mukesh Ambani, the shares of Alok Industries Limited– a company backed by Ambani's Reliance Industries, tumbled by more than 4%, hitting an intraday low Rs 18.64 apiece on Thursday. According market analysts, the steep fall in Alok Industries' share prices is the direct result of the latest round of tariffs imposed by US President Donald Trump on Indian imports.
Time of India
29-04-2025
- Time of India
Rent revenge: Teenager sends bomb threat from friend's WA
Surat: What began as a petty quarrel over Rs 400 rent escalated into a full-blown bomb scare after a 19-year-old factory worker's bizarre attempt at revenge to frame his friend. In a bid to settle scores with a friend, Harsh Tiwari allegedly used the friend's WhatsApp number to send a fake bomb threat to the police, claiming an explosive was planted at the Vapi industrial unit where both were employed. Tired of too many ads? go ad free now The hoax triggered panic on Monday and prompted an extensive search operation by the Valsad district police, the Special Operations Group, and other agencies, only to end in Tiwari's arrest the next day. The Gujarat state control room was alerted through the Uttar Pradesh police, who had received a bomb threat via WhatsApp. During the investigation, the message was traced to a number registered in the name of Dhananjay Kushwah. However, when questioned, Kushwah denied having sent any such message. Further technical analysis revealed that Tiwari had temporarily accessed Kushwah's phone and used it to install WhatsApp on his own device. By intercepting the OTP sent to Kushwah's number, Tiwari was able to activate the messaging app and send the hoax threat using his friend's identity. The message falsely claimed a bomb was planted at Alok Industries. According to police, the motive stemmed from a petty rent dispute. "About a month ago, Kushwah stayed at Tiwari's rented accommodation. He paid Rs 200, but Tiwari had demanded Rs 600. Angry over the unpaid Rs 400, Tiwari threatened him with dire consequences," an officer said. Tiwari, originally from Jaunpur in Uttar Pradesh, has been working at Alok Industries' packing division in Vapi for the past year. His family lives in Mumbai, where his father is a cab driver.
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Business Standard
22-04-2025
- Business
- Business Standard
Alok Industries shares rally 16% as Q4 loss narrows to ₹74.4 crore
Alok Industries' stock rose as much as 15.9 per cent during the day to ₹19.09 per share, the highest level since early February this year SI Reporter Mumbai Shares of Alok Industries surged nearly 16 per cent in intraday trade on Tuesday after the firm narrowed its losses to ₹74.47 crore in the fourth quarter of the previous financial year. Alok Industries' stock rose as much as 15.9 per cent during the day to ₹19.09 per share, the highest level since early February this year. The stock trimmed some gains to trade 14.6 per cent higher at ₹18.9 apiece, compared to a 0.17 per cent advance in Nifty50 as of 10:00 AM. Shares of the company extended gains to their second day on Tuesday. The stock has fallen 9.6 per cent this year, compared to a 2.2 per cent advance in the benchmark Nifty50. Alok Industries has a total market capitalisation of ₹9,428 crore, according to BSE data. Alok Industries Q4FY25 results: Key numbers here The company reported a net loss of ₹74.47 crore in the January to March quarter of FY25, as compared to a loss of ₹215.93 crore in the same period last year. Meanwhile, the revenue from operations fell 35.1 per cent to ₹952.96 crore in the quarter under review. In the fourth quarter of the previous year, the company reported a revenue of ₹1,469.31 crore. For the full year, Alok Industries reported a net loss of ₹816.43 crore in the year ended March 2025 as against a net loss of ₹846.82 crore during the previous year ended March 2024. Sales declined 32.69 per cent to ₹3,708.78 crore in the year ended March 2025 as against ₹5,509.59 crore during the previous year ended March 2024. Alok Industries also announced that Anil Kumar Mungad, chief financial officer, will assume a new role as the head - commercial of the company with effect from April 30, 2025. Consequently, Mungad will cease to be the chief financial officer with effect from the close of business hours of April 29, 2025. About Alok Industries The company is primarily engaged in textile manufacturing, including mending and packing activities. The firm has four manufacturing locations in Silvassa, Vapi, Navi Mumbai and Bhiwandi. It is also exporting to over 90 countries across the USA, Europe, Latin America, Asia and Africa. The company has a strong presence in both the cotton and polyester segments.
Mint
22-04-2025
- Business
- Mint
Why did Mukesh Ambani-backed Alok Industries' share price surge 18% after Q4 results?
Alok Industries share price surged as much as 16 per cent in morning trade on BSE on Tuesday, April 22, a day after the Mukesh Ambani-backed company reported its March quarter (Q4) results. Advertisement Alok Industries share price opened at ₹17.36 against its previous close of ₹16.47 and rose as much as 18.4 per cent to an intraday high of ₹19.50. With this, the stock has jumped 25 per cent in April so far, looking set to snap its losing streak of the last seven consecutive months. Around 10:10 AM on Tuesday, the stock traded 17.85 per cent higher at ₹19.41. Alok Industries share price recently hit a 52-week low of ₹13.90 on April 7 this year. It hit a 52-week high of ₹29.97 on June 19 last year. As of April 21 close, the stock is down 45 per cent from its one-year high level. Why did Alok Industries' share price rise after the Q4FY25 results? The textile firm's consolidated net loss narrowed to ₹74.47 crore in Q4FY25 compared to a loss of ₹272.99 crore quarter-on-quarter and ₹215.93 crore year-on-year. Advertisement The significant drop in losses seems to have influenced investor sentiment. A sequential rise of 10 per cent in Alok Industries' consolidated revenue from operations also boosted sentiment. The company's consolidated revenue for Q4FY25 stood at ₹952.96 crore which was 35 per cent down from the revenue of ₹1,469.31 crore in Q4FY24 but was up 10.3 per cent from ₹863.86 crore in Q3FY25. More to come…
