Why did Mukesh Ambani-backed Alok Industries' share price surge 18% after Q4 results?
Advertisement
Alok Industries share price opened at ₹17.36 against its previous close of ₹16.47 and rose as much as 18.4 per cent to an intraday high of ₹19.50. With this, the stock has jumped 25 per cent in April so far, looking set to snap its losing streak of the last seven consecutive months.
Around 10:10 AM on Tuesday, the stock traded 17.85 per cent higher at ₹19.41.
Alok Industries share price recently hit a 52-week low of ₹13.90 on April 7 this year. It hit a 52-week high of ₹29.97 on June 19 last year. As of April 21 close, the stock is down 45 per cent from its one-year high level.
Why did Alok Industries' share price rise after the Q4FY25 results?
The textile firm's consolidated net loss narrowed to ₹74.47 crore in Q4FY25 compared to a loss of ₹272.99 crore quarter-on-quarter and ₹215.93 crore year-on-year.
Advertisement
The significant drop in losses seems to have influenced investor sentiment.
A sequential rise of 10 per cent in Alok Industries' consolidated revenue from operations also boosted sentiment.
The company's consolidated revenue for Q4FY25 stood at ₹952.96 crore which was 35 per cent down from the revenue of ₹1,469.31 crore in Q4FY24 but was up 10.3 per cent from ₹863.86 crore in Q3FY25.
More to come…
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Shanti Gold International IPO listing date today; GMP signals strong share debut in stock market today
Shanti Gold International IPO Listing: Shanti Gold International shares are set to make debut in the Indian stock market today after the conclusion of its initial public offering (IPO). Shanti Gold International IPO listing date is today, 1 August 2025, and the equity shares of the company will be listed on BSE and NSE. The mainboard IPO of the gold jeweller manufacturer opened for subscription on July 25 and closed on July 29, while the IPO allotment date was July 30. Shanti Gold IPO listing date is today, August 1, Friday. 'Trading Members of the Exchange are hereby informed that effective from Friday, August 1, 2025, the equity shares of Shanti Gold International Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on the BSE. Shanti Gold International shares will be a part of Special Pre-open Session (SPOS) on Friday, August 1, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of the Shanti Gold International IPO listing, investors watch out for the trends in the grey market premium (GMP) to gauge the listing price of the stock. Shanti Gold International IPO GMP today indicates a positive debut on shares in the stock market today. Shanti Gold International shares are available at a decent grey market premium. According to stock market experts, Shanti Gold IPO GMP today is ₹ 34 per share. This indicates that in the unlisted market, Shanti Gold shares are trading higher by ₹ 34 than their issue price. Shanti Gold IPO GMP today signals that the estimated listing price of Shanti Gold shares would be ₹ 233 apiece, which is at a premium of 17% to the IPO price of ₹ 199 per share. The bidding for the public issue opened on July 25 and closed on July 29. The IPO allotment was finalised on July 30, and the Shanti Gold IPO listing date is today, 1 August 2025. Shanti Gold International shares will be listed on both the stock exchanges - BSE and NSE. Shanti Gold International IPO price band was ₹ 199 per share, and the company raised ₹ 360.11 crore from the IPO which comprised entirely a fresh issue of 1.81 crore equity shares. Shanti Gold International IPO has been subscribed 81.17 times in total, NSE subscription status data showed. The public issue was booked 30.37 times in the retail category, and 117.33 times in the Qualified Institutional Buyers (QIBs) segment. The Non Institutional Investors (NII) portion saw 151.48 times subscription. Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Disclaimer: 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.
Mint
2 hours ago
- Mint
Tariff war delays Tata Steel UK breakeven, says CEO Narendran
Mumbai: Tata Steel's plans to turn around its loss-making UK operations have been delayed by at least six months due to global trade disruptions and the spillover effects of US tariffs, the company's top executives said in an interview. Despite the setback, the executives expressed confidence about the company's broader international strategy, including securing Dutch government support to decarbonize its Netherlands operations, and defended its capacity expansion plans in India amid global concerns of steel overcapacity. India's second-biggest steelmaker by capacity had earlier guided for an Ebitda (earnings before interest, tax, depreciation and amortization) breakeven in the UK by the end of the second quarter of FY26. The new target is the final quarter of this fiscal year. In its April-June quarter results announced on Thursday, Tata Steel reported that its UK operation's Ebitda loss narrowed to £41 million in the June quarter of this fiscal compared to £80 million reported in the last quarter of FY25. The company's chief executive officer T.V. Narendran said while there was a delay in achieving Ebitda breakeven due to the direct and indirect effects of the tariffs announced by US President Donald Trump, the company was moving in the right direction. 'Because of tariffs, our exports to the US (from the UK) are impacted," Narendran said. Even the company's customers like British carmakers were facing the heat from the tariffs, compounding the business impact for Tata Steel, he added. An influx of steel from other countries also made a difference. 'Japanese and Korean steel, which would have otherwise gone to the US, is looking for alternate markets. It came to the UK because the UK has not been as fast as the EU in setting tighter quotas for imports," the chief executive said. Chief financial officer Koushik Chatterjee added that the journey from Ebitda breakeven to net profit breakeven for Tata Steel UK would not take that long. 'The good thing is that there is no tax implication in the UK because we have a huge amount of unabsorbed tax losses. The asset value is low, so the depreciation is low and debt is mostly working capital," said Chatterjee. 'So once we get to Ebitda positive with sufficient cushion, it's not a big ask (to achieve net profit)," he said. Earlier this month, at the Tata Steel annual general meeting, Tata Sons chairman N. Chandrasekaran set a new goal of achieving net profit from the company's UK operations in the current fiscal year. 'I feel that the UK should be PAT (profit after tax) positive, so the company is working towards making it profitable," said Chandrasekaran, who echoed shareholder concerns. 'We expect the UK this year to perform much better than last year and it will definitely be Ebitda positive." Tata Steel shares closed 2.12% lower on Thursday on the BSE at ₹157.92, underperforming the benchmark Sensex, which fell 0.36% on the stock exchanges. The Netherlands' Scenario Meanwhile, the steelmaker said its negotiations with the Dutch government were progressing well for fiscal support to overhaul its steelmaking operations in the Netherlands towards more environmentally sustainable processes. It plans to replace two blast furnaces over the coming years with electric arc furnaces (EAFs)–like it did in the UK–to cut emissions. All stakeholders, including Tata Steel India, Tata Steel Netherlands, the Dutch government, and the local provincial government will soon sign a non-binding letter of intent. That will be followed by a binding agreement once the Netherlands elects a new government later this year. 'Even though the current Dutch government has fallen and elections are scheduled for October, our project is part of a Parliament-endorsed initiative. That allows us to continue negotiations and proceed with the non-binding agreement," said Chatterjee. The agreement on the blast furnaces involves two phases. During phase one, the company will install an EAF and then shut down one blast furnace. The second phase is planned for the mid-2030s when the remaining blast furnace will be shut. Blast furnaces are large units that use the heat from coke to convert iron ore into purified molten metal for further processing into steel. EAFs do this process using electricity without any coke, thus cutting emissions. India needs more capacity The oldest steelmaker in Asia responded to theNew York Times'claim that there was oversupply of steel in the world and that Tata Steel's operations were suffering due to this overcapacity. The two executives defended the company's strategy to expand capacity. 'The larger question isn't about overcapacity,"said Narendran. 'It's about where that capacity exists and whether it's in a competitive geography. For a country like India, which will consume 500 million tons of steel, should we really import 300 million tons from China? And what happens if China stops supplying tomorrow?" Steel is a strategic resource for national infrastructure, automotive, defence, and capital goods sectors, making self-sufficiency critical, Narendran pointed out. 'Even Europe, which was unsure about keeping its steel industry alive, now wants to retain capacity," he said. 'Every geography wants to ensure it can meet its own demand." The top executive questioned why high-cost steel producers like Japan and South Korea export significant volumes of steel despite lacking cost or raw material advantages. 'At least China offers cheap steel. But why should Japan or Korea be exporting steel when they're not low-cost producers?" he said. According to Chatterjee, overcapacity discussions, particularly by Organization for Economic Co-operation and Development (OECD), often ignore ground realities. 'Europe and the US de-industrialized by outsourcing to China," he said. 'Now, with changing global priorities like supply chain security and carbon taxes, countries are reassessing. For India, with its abundant raw materials, skilled labour and growing infrastructure needs, not building capacity would be foolish." The issue of overcapacity exists in regions where it's no longer needed. Rationalizing it globally is the real issue. Steel should be produced where it's most competitive, said Chatterjee.
Deccan Herald
2 hours ago
- Deccan Herald
Trump tariff hits export-heavy textiles, pharma, oil & gas stocks
The markets started the day with deep cuts. Key indices, Sensex of the BSE and Nifty 50 of the NSE, dipped by around 1% in the early trade. However, the markets witnessed a sharp recovery in the afternoon with both Sensex and Nifty turning positive.
