Reliance Industries-backed penny stock: Share price below Rs 50; do you own?

Reliance Industries-backed Penny stock: Reliance Industries-backed Alok Industries share is a penny stock, meaning a stock whose value is very less. Mumbai-based Company Alok Industries engages in textile manufacturing business.

The Company has a market cap of Rs 13,058 crore, with PE ratio of -16.04. The stock has a face value of Rs 1 each.

According to Trendlyne, Reliance Industries holds 1986 crore shares with a stake percentage of 40.01.

Alok Industries share price

Alok Industries stock gained 0.15 per cent to Rs 26.22 apiece on BSE, May 08, against the previous day close at Rs 26.18 apiece. The scrip opened at Rs 26.11 apiece, reaching a high of Rs 26.75 apiece and a low of Rs 26.02 apiece.

Alok Industries Q4 2024 results

Alok Industries' total income in Q4 2024 results stood at Rs 1,447.78 crore, down by -6.01% YoY against Rs 1,578.70 crore in Q4 FY23. Net profit of the Company witnessed at Rs 215.93 crore in Q4 FY24.

About Alok Industries

Alok Industries Limited is one of India's largest textile manufacturing company offering end-to-end solutions ranging from Home Textile, Cotton Yarn, Technical Textiles, Polyester Yarn, etc.

Alok Industries share price history

In the long term, Alok Industries stock has given good returns in the past five years. The stock is up 620.33 per cent in five years with absolute change of Rs 22.58 apiece. In the last one year, the stock has appreciated by 88.90 per cent as per BSE analytics.