Alok Industries up by 6 per cent Intraday
Manjiri Meshram / 15 Sep 2015
The shares of textile company Alok Industries rose by 6.24 per cent intraday as the company has received an additional advance of USD 50 million under Export Performance Bank Guarantee Scheme (EPBG).
The shares of textile company Alok Industries rose by 6.24 per cent intraday as the company has received an additional advance of USD 50 million under Export Performance Bank Guarantee Scheme (EPBG). Alok Industries received a total export advance of USD 725 million out of targeted USD 1633.33 million of advance in August and in the month of July the company has got an advance of USD 200 million under the said scheme.
The Company's total income stood at Rs 3446.62 crore as against Rs 3759.96. crore in Q1FY16 when compared to Q1FY15. The company has posted net profit of Rs 9.72 crore for the quarter ended June 30, 2015 as compared to Rs 43.48 crore for the quarter ended June 30, 2014.
Alok Industries, a vertically integrated textile manufacturing company. Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.
The promoter holdings decreased by 1 basis point to 37.81. The DII holdings decreased by 20 basis points to 6.57 per cent and FII holding increased by 5 basis points to 6.47 per cent in June 2015.
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