A significant drop has been observed in the shares of one of the companies associated with Mukesh Ambani, causing the stock price to trade slightly above 8 rupees. Over the past year, this asset has lost 53 percent of its value. The intrusion was also noted during Tuesday's trading session.
This concerns the shares of Alok Industries, which supports Reliance Industries. On Tuesday, the shares fell by 4.24 percent, reaching a new 52-week low of 8.13 rupees. The decline continues for the sixth session for this company, supported by Reliance Industries Limited.
The BSE and NSE recently requested clarifications from Alok Industries regarding the increase in trading volume. However, the company stated that it has fulfilled all necessary disclosures in accordance with the SEBI Regulations (Disclosure Requirements and Listing Obligations) of 2015.
Alok Industries emphasized that there is no information that has not been disclosed to the stock exchanges and which the company would have been required to disclose under the Listing Rules. The company added that it complies with its obligations under the Listing Rules and agreements with the stock exchanges and will continue to do so.
The Reliance-backed company recorded a consolidated net loss of 138.25 crore rupees for the quarter ending June 30, 2026 (the first quarter of the fiscal year 2027), compared to a net loss of 171.56 crore rupees in the first quarter of the fiscal year 2026. Meanwhile, operating revenue in this quarter grew by 6.50 percent year-on-year, reaching 993.11 crore rupees.
It should be noted that as of June 2026, Reliance held a 40.01 percent stake in Alok Industries, while JM Financial Asset Reconstruction Company owned 34.99 percent.