BSE 500 Textile Stock On Fire! Alok Industries Jumps 18%; What's Fuelling The Rally?

Alok Industries shares surged over 18% on Tuesday, a day after the textile firm reported Q4 results for the financial year 2024-25. The BSE 500 firm, backed by Mukesh Ambani reported reduction in its losses to Rs 74.47 crore in the fourth quarter of the previous financial year.

Alok Industries Share Price Today

Alok Industries shares were around 18% higher on BSE during Tuesday's opening session. The company scrip was trading 15.24% higher on BSE at Rs 18.98 per share on BSE on Tuesday, with a market capitalisation of Rs 9,424.03 crore.

Alok Industries shares touched their 52-week-low mark of Rs 13.90 apiece on BSE on 7 April, 2025. The textile firm scrip touched its 52-week-high mark of Rs 29.97 per share on BSE on 19 June, 2024. Its stock value has declined nearly 9.49% year to date. Over the last year, Alok Industries' stock value has depreciated by over 30%.

High Trading Volume in Alok Industries' Shares

The surge in Alok Industries' share price has come during a sudden spurt in volume during Tuesday's trading session on Tuesday. According to BSE's website, Alok Industries shares witnessed a spurt in volume by more than 11.08 times. As of now, 8,78,872 shares of Alok Industies were bought and over 9,69,093 shares were sold on BSE.

Alok Industries Q4 Result

Alok Industries reported a sequential decline in its net loss in the quarter ended in March. The firm reported a reduction in its losses to Rs 74.47 crore in the fourth quarter of the previous financial year.

Its consolidated revenue from operations increased sequentially to Rs 952.96 crore in the March quarter against Rs 863.86 crore reported in the December quarter. However, its revenue from operations stood at Rs 1,469.31 crore in the year ago period.

One of the key highlights of Alok Industries Q4 results was recovery of its losses. Its net consolidated loss for the March quarter narrowed down to Rs 74.47 crore against Rs 272.99 crore reported in the December quarter. During the March quarter of the financial year 2023-24, its net loss stood at Rs 220.03 crore.

During the December quarter, the company had reported a net loss of Rs 242.95 crore and consolidated revenue of Rs 822.17 crore. ITs earnings per share stood at -0.49.

Surge in Alok Industries share price has coincided with the stellar stock market rally today. Nifty 50 opened 0.25% higher to 241854 points. Whereas BSE Sensex opened Tuesday's trading session with 0.4% gains at 79728 points. Later in the day, Nifty 50 surged over 72 points and BSE Sensex was trading 240 points higher.

There has been a surge in textile stocks' value over the past few weeks. Investors' attention towards textile stocks has increased, apparently due to the favourable position of the Indian textile industry in the global market post Trump tariffs announcements. However, as the 90-days pause is in effect, there is significant uncertainty about the the future implications of these tariff announcements.