Alok Industries share price: While the Indian stock market continued to trade with losses for the fourth straight session on Thursday, January 8, amid uncertainty over the India–US trade deal, lack of fresh domestic triggers, and rising geopolitical tensions, select textile stocks managed to attract attention, with most of them trading higher.
Alok Industries, one of the leading textile manufacturers, saw its share price soar 8.5% to hit a two-week high of ₹17.21, and if the stock continues to hold its gains towards the end of the session, it will mark its first gain in three sessions.
Although there are no fundamental triggers behind the sharp rise in Alok Industries’ share price, trading volumes surged significantly, with nearly 23.3 million shares changing hands across the NSE and BSE as of 11:30 am. This was over nine times higher than the average weekly volume of 2.5 million shares, according to Trendlyne data.
Alok Industries share price trend
The company’s shares witnessed sharp selling pressure between July and December 2025, during which the stock lost 22% of its value, closing all seven months in the red. This also contributed to a 24% decline in CY25, marking the biggest annual crash since 2022.
Meanwhile, technical experts suggest that the stock might test the 24 levels in the near term.
Anshul Jain, Head of Research at Lakshmishree, said, “Alok Industries has tested its 50-day moving average with a sharp volume surge of over 665 percent versus the 50-day average, highlighting strong activity near the 16.5 to 16.75 resistance band. This zone has capped price so far, with short-term moving averages still acting as headwinds to the upmove. However, the nature of the volume suggests accumulation rather than distribution, pointing to growing institutional interest beneath the surface.”
He further added that the structure remains compressed, setting up a directional move. A decisive breakout above 17, backed by sustained high volumes, would confirm fresh buying momentum and open the path toward the next resistance cluster at 23.5 to 24. Until then, the price is likely to stay range-bound, with risk defined below recent swing lows, he noted.
Reliance Industries owns a 40% stake in Alok Industries
Established in 1986, Alok Industries is an integrated textile manufacturer headquartered in Mumbai. It has a strong presence in both the cotton and polyester segments. In the cotton segment, the company is integrated from spinning to weaving, processing, finished fabrics, bedsheets, towels, and garments.
In 2020, Reliance Industries, jointly with JM Financial Asset Reconstruction, successfully acquired Alok Industries through the insolvency and bankruptcy law auction conducted by lenders seeking to recover unpaid loans. RIL held 40% of the company at the end of the September quarter, while JM Financial ARC held a 34.99% stake in the company, as per the BSE shareholding data.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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