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HomeSTOCKS₹32 Mukesh Ambani Invested Company Share; Target ₹44 And ₹82; Long Term...

₹32 Mukesh Ambani Invested Company Share; Target ₹44 And ₹82; Long Term ₹111

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Alok Industries Ltd (NSE: ALOKINDS): Share of Alok Industries is in constant focus this year. The company’s shares down by 2.37% on Thursday and its price reached Rs 32.25.

This stock has been on an upward trend ever since January 2. This stock has risen by 51.49% in a month.

On January 9, the stock had reached a 52-week high of ₹39.05 per share. Its 52-week low price is Rs 10.07. Experts also seem bullish on this stock right now.

Shares will rise!

Stock market experts believe that the share price of Alok Industries could reach Rs 48 per share within a short period.

Speaking on the rally in shares of Alok Industries, Avinash Gorakshkar, Research Head, Profitmart Securities said – Reliance Industries has invested ₹ 3,300 crore in this company. 

At the same time, an Executive Director of a brokerage firm said that there is an upward trend in the shares of Alok Industries. 

This stock can be kept in the portfolio up to a target price of Rs 44 with a stop loss of Rs 33. Once the stock crosses the ₹39 level, the stock may soon go up to ₹48 per share.

Also if you hold for long term then it can touch the level of Rs 111.

December Quarter Results

Alok Industries announced its Q3 FY24 results on January 17, 2024. Topline decreased by 28.34% and losses decreased by 7.97% year over year. 

Revenue declined by 8.69% and losses increased by 31.51% compared to the previous quarter. 

Selling, general and administrative expenses declined 15.41% quarter-on-quarter and 20.19% year-on-year. 

Operating income decreased by 99.6% quarter-on-quarter and increased by 36.41% year-on-year. EPS for Q3 FY24 is ₹-0.46 which is up 7.87% YoY.

Ambani Also Has A Stake

In Alok Industries shares are up after news that Mukesh Ambani’s Reliance Industries invested in the company professionally. 

On January 2, Alok Industries informed the Indian stock market about the funding of Reliance. 

Let us tell you that in the year 2020, Reliance acquired Alok Industries through bankruptcy proceedings. 

In this, JM Financial Asset Reconstruction Company also joined hands with Reliance. Reliance Industries has strengthened its position in the textile industry. 

Let us inform you that by the end of the September quarter, Reliance Industries had a substantial stake of 40.01 percent in Alok Industries, while JM Financial Asset Reconstruction Company had a 34.99 percent stake.

About Alok Industries Ltd

Alok Industries Ltd is a fully integrated Indian textile industry. It was founded in the year 1986, as a limited liability corporation and was converted into an open-ended public limited company in 1993. 

It is a multi-faceted and integrated producer of Apparel Fabrics (Woven and Knits), Home Textiles (Bed and Bath), Cotton, and polyester Yarns and Garments.

Based in Mumbai, Alok Industries has large and well-equipped production facilities located at Silvassa & Vapi.

The production of textiles encompasses packing and mending as well as leather and clothing products. 

The divisions under which it operates include Spinning, Home Textiles, Apparel Fabrics, Garments, and Polyester. The company generates the majority of its profits through its Home Textiles product. 

The company has offices for marketing located in New Delhi, Bengaluru, Sri Lanka, Bangladesh, China and China, the British Virgin Islands, the USA, Dubai, and the Czech Republic.

As a leading company in the field of textiles, with more than 40 years’ worth of expertise, AIL provides a broad selection of top-quality textiles to reputable brands retailers, manufacturers, and retailers across India and around the world.

Fundamental Analysis of Alok Industries Ltd

Market Cap₹ 15,984 Cr.
Current Price₹ 32.2
52-wk High₹ 39.2
52-wk Low₹ 10.1
Stock P/E
Book Value₹ -38.9
Dividend0.00 %
ROCE-6.86 %
ROE
Face Value₹ 1.00
P/B Value
OPM-0.49 %
EPS₹ -1.87
Debt₹ 23,900 Cr.
Debt to Equity

Alok Industries Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹42₹56
2025₹62₹93
2026₹100₹112
2027₹125₹145
2028₹154₹168
2029₹176₹196
2030₹201₹212
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Alok Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202275.00%
Mar 202375.00%
June 202375.00%
Sept 202375.00%
Dec 202375.00%
FII Holding
Dec 20222.02%
Mar 20232.07%
June 20232.16%
Sept 20232.15%
Dec 20232.24%
DII Holding
Dec 20220.43%
Mar 20230.35%
June 20230.32%
Sept 20230.34%
Dec 20230.37%
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Public Holding
Dec 202222.56%
Mar 202322.57%
June 202322.51%
Sept 202322.51%
Dec 202322.39%

Alok Industries Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,352 Cr
2020₹ 3,298 Cr
2021₹ 3,848 Cr
2022₹ 7,310 Cr
2023₹ 5,597 Cr

Last 5 Years’ Net Profit:

2019₹ 2,076 Cr
2020₹ 1,310 Cr
2021₹ -5,673 Cr
2022₹ -209 Cr
2023₹ -928 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

2019-1.63
2020-2.36
2021-1.35
2022-1.35
2023-1.27

Last 10 Years’ Profit Growth:

10 Years:
5 Years:14%
3 Years:-8%
Current Year:-52%

Sales Growth Over 10 Years:

10 Years:
5 Years:5%
3 Years:28%
Current Year:-24%

Conclusion

This article is a complete guide about Alok Industries Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹134 Tata Group Share; Don’t Make Selling Decision, Hold For ₹210 And ₹289 Target

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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