Latest news with #JMFinancialAssetReconstructionCompany
India.com
14 hours ago
- Business
- India.com
Bad news for Mukesh Ambani, this company share falls down to Rs 20, experts say…
Mukesh Ambani's makes big move, set to change very TV into..., move may effect... Mukesh Ambani's Reliance Industries backed Alok Industries stock fell over 3% last Friday, closing at Rs 20.68. Earlier in the week, on Tuesday, the stock had surged nearly 18%. Despite short-term movements, the stock has declined about 3% year-to-date and is down nearly 24% over the past year. Alok Industries Shares Decline Its 52-week high is Rs 29.77, and the 52-week low is Rs 13.90. The company currently has a market capitalization of Rs 10,332.67 crore. As of March 2025, Reliance Industries Ltd (RIL) holds a 40.01% stake in Alok Industries, while JM Financial Asset Reconstruction Company owns 34.99%. What Analysts Say? After the U.S. administration led by former President Donald Trump imposed a 35% tariff on Bangladesh, stocks in the textile sector were impacted. According to analysts Alok Industries is also impacted by this move. This move is expected to benefit the domestic apparel and textile industry. However profit booking at current levels has increased. According to LiveHindustan report, Religare Broking, also advises investors to consider exiting the stock near Rs 25, after the recent price rally. Alok Industries Share Price Performance Currently, the stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMA). According to Trendlyne data, Alok Industries has a 1-year beta of 1.2, indicating high volatility. What Is Mukesh Ambani Reliance & Alok Industries Connection? Mukesh Ambani's Reliance Industries Ltd (RIL) has an ownership stake in Alok Industries Limited. RIL's association with Alok Industries began in 2020 along with JM Financial Asset Reconstruction Company, acquired the company through an insolvency and bankruptcy auction process. RIL and JM Financial Asset Reconstruction Company jointly acquired Alok Industries, which was facing financial distress and had been listed under the Insolvency and Bankruptcy Code. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
Business Standard
02-05-2025
- Business
- Business Standard
JM Financial Asset Reconstruction Company reports standalone net profit of Rs 15.26 crore in the March 2025 quarter
Sales decline 47.74% to Rs 51.87 crore Net profit of JM Financial Asset Reconstruction Company reported to Rs 15.26 crore in the quarter ended March 2025 as against net loss of Rs 976.84 crore during the previous quarter ended March 2024. Sales declined 47.74% to Rs 51.87 crore in the quarter ended March 2025 as against Rs 99.26 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 29.79 crore in the year ended March 2025 as against net loss of Rs 942.44 crore during the previous year ended March 2024. Sales declined 43.01% to Rs 204.49 crore in the year ended March 2025 as against Rs 358.79 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 51.8799.26 -48 204.49358.79 -43 OPM % 112.74-59.03 - 90.0758.82 - PBDT 25.88-129.66 LP -0.33-81.80 100 PBT 25.43-130.32 LP -2.71-84.33 97 NP 15.26-976.84 LP -29.79-942.44 97
