Ril-backed Alok Industries Shares Hit 20% Upper Circuit Limit; Here's What Analysts Say

Shares of Alok Industries Ltd zoomed 20 per cent to deed their precocious value set of Rs 19.76 connected Tuesday. The spike came aft nan Reliance Industries Ltd (RIL)-backed entity narrowed its consolidated nett nonaccomplishment to Rs 74.47 crore during nan March 2025 4th (Q4 FY25) arsenic against Rs 272.99 crore recorded successful nan erstwhile 4th (Q3 FY25). A one-time exceptional summation of Rs 94.14 crore aided nan company's earnings, helping it to trim losses.

During nan 4th nether review, nan company's gross from operations climbed 19.24 per cent sequentially to Rs 1,038.10 crore compared to Rs 870.63 crore successful Q3 FY25. Total expenses slipped 5.96 per cent, quarter-on-quarter (QoQ) to Rs 1,206.34 crore.

"Stock-wise, Alok Industries has not been capable to prolong supra Rs 30 level. Fundamentally, location are nary cardinal triggers for nan antagonistic arsenic of now," said Kranthi Bathini, Director of Equity Strategy astatine WealthMills Securities.

On method setup, support connected nan antagonistic could beryllium seen astatine Rs 17.3 and a decisive breach supra Rs 20 is required for further upside move.

"The banal looks beardown and appears to beryllium building a guidelines to waste and acquisition successful nan Rs 21–Rs24 range. Dips should beryllium utilized to accumulate, pinch a stop-loss placed astatine Rs 15.50," said Kunal Kamble, Senior Technical Research Analyst astatine Bonanza Group.

"Support will beryllium Rs 17.3 and guidance astatine Rs 20. A decisive move supra Rs 20 level whitethorn trigger a further upside towards Rs 22. The expected trading scope will beryllium betwixt Rs 17 and Rs 22 for nan short term," said Jigar S Patel, Senior Manager - Technical Research Analyst astatine Anand Rathi.

As of March 2025, RIL holds a 40.01 per cent liking successful Alok Industries, whereas JM Financial Asset Reconstruction Company owns 34.99 per cent.

Published on: Apr 22, 2025 3:20 PM IST