Can Alok Industry be a multibagger?

Alok Industries, a company that came out of bankruptcy, has turned out to be a multibagger for investors. As on March 31, Reliance Industries owned a 37.70 percent stake in the Mumbai-based integrated textile manufacturer while 45.67 percent stake was held by other high net worth investors.

What will be the future of Alok Industries?

Alok Industries Ltd. quote is equal to 27.000 INR at 2021-12-15. Based on our forecasts, a long-term increase is expected, the “Alok Industries Ltd” stock price prognosis for 2026-12-11 is 71.251 INR. With a 5-year investment, the revenue is expected to be around +163.89\%.

What happened to Alok Industries?

Alok Industries, once a bankrupt textile manufacturer based out of Mumbai, was taken over by Mukesh Ambani’s Reliance Industries along with JM Financial Asset Reconstruction company earlier this year. Post restructuring, Alok Industries stock was listed on the bourses on February 27, at a price of Rs 14.

How much does it cost to manufacture Alok Industries PPE kits?

Alok Industries will manufacture more than 1 lakh PPE kits per day at a cost of Rs 650 per unit, which will be at one-third the cost of PPE kits imported from countries like China.

Should I continue with Alok textile or delete it?

If you find a reasonable answer to these questions you can continue with Alok Textile else get rid of it immediately. This billion dollar startup is changing the way people retire. This Princeton grad’s startup raised $110 million. Its free tool can help you retire comfortably.

How much did Alok industries owe lenders before heading into insolvency proceedings?

Alok Industries owed lenders Rs 30,000 crore before heading into insolvency proceedings. Recently, Alok Industries has been asked by Reliance Industries to manufacture PPE kits as the country fights the novel coronavirus pandemic, according to reports.