The stock of Alok Industries LTD, owned by Mukesh Ambani, has again come into action after heavy selling.

On Thursday, the stock jumped up to 2% to reach an intra-day high of ₹ 17.15.
However, it is still below its 52-Veek high ₹ 32 to 46%.

After six days of continuous decline on Wednesday, this Penny Stock took an edge for the second consecutive day, after which it continued to rise on Thursday.

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Stock conditions: big ups and downs

Alok Industries is a company working in the textile industry.
It is a component of the BSE 500 index.
Last year, the stock went beyond ₹ 30 due to a tremendous rally.
On 11 March 2024, it made a 52-whee high of ₹ 32, but fell 46% from there.
On 3 March 2025, it reached 52-Veek Low of ₹ 14.50.

It has given a negative return of 41% in the last one year.
Climbed 19% in two years, but 31% slipped in three years.

The market cap of Alok Industries is ₹ 8,475 crore.

Ambani’s stake company

In 2019, Reliance Industries acquired Alok Industries under the Insolvency Process.
Reliance Industries is the promoter of this company and has 40% equity share capital.

Reliance -owned this company has been in discussion for investors for a long time.

What a good chance for investment?

After the rapid decline, the stock is now getting a recovery.
The company is in a strong position after the acquisition of Reliance Industries.
Investors’ interest is increasing due to the opportunity of shopping at low prices.

However, it is a penny stock and remains volatility, so investors need to be vigilant.

Will Alok Industries become a multibagger again or is there yet to decline? It will be interesting to see!