On Thursday, January 8, the Indian stock market was seen trading in decline for the fourth consecutive day. The market remained under pressure due to uncertainty over the India-US trade deal, lack of any major new trigger domestically and rising geopolitical tensions. However, despite this weak environment, some textile stocks were bright. One of these names was Alok Industries, whose shares broke away from the market and showed good growth.
Share jumped by 8.5%
Alok Industries shares jumped nearly 8.5% to ₹17.21 today, a two-week high. If this rally continues till the end of the session, the stock will register gains for the first time after three consecutive sessions of decline. The interesting thing is that at present no major fundamental reason has emerged behind this sharp rise, but despite this, the interest of investors suddenly seemed to increase significantly. Along with this rise, huge trading volume was also seen in the stock. By 11:30 am, about 2.33 crore shares had been transacted on NSE and BSE, which is nine times more than its average weekly volume (about 25 lakh shares). According to Tradeline data, there has been continuous pressure on this stock in the last few months. Between July and December 2025, the stock of Alok Industries had fallen by about 22%, and in these seven months the stock had closed in the red. The stock fell about 24% in the entire calendar year 2025, which is considered to be its biggest annual decline after 2022.
company business
Alok Industries is one of the well-known textile companies of the country, which was established in 1986 and is headquartered in Mumbai. The company has a strong hold in both cotton and polyester segments. The special thing is that Reliance Industries has big films these days. In the year 2020, under the Insolvency and Bankruptcy Code (IBC) process, Reliance Industries along with JM Financial Asset Reconstruction had acquired Alok Industries. Reliance Industries held 40% stake in the company at the end of the September quarter, while JM Financial ARC held 34.99%. Now investors in the market are seeing whether the recent rise will continue or it will prove to be just a short term move.