Meanwhile, the BSE Sensex was down 16.14 points, or 0.09%, to 16695

On BSE, 58.58 lakh shares were traded in the counter. The scrip had an average daily volume of 46.44 lakh shares in the past one quarter.

The stock hit a high of Rs 24.45 and a low of Rs 23.40 so far during the day. The stock had a 52-week high of Rs 31.75 on 17 September 2008 and a 52-week low of Rs 11.33 on 12 March 2009.

The stock had outperformed the market over the past one month till 17 September 2009, rising 19.75% as compared to the Sensex's 13.03% rise. However it underperformed the market in the past one quarter, rising 1.72% as compared to the Sensex's return of 15.07%.

The mid-cap textiles firm has an equity capital of Rs 605.70 crore. Face value per share is Rs 10.

The current price of Rs 23.90 discounts its Q1 June 2009 annualised EPS of Rs 2.44, by a PE multiple of 2.29.

As per reports Alok Industries's wholly owned subsidiary Alok Retail India is planning a major expansion and is in talks with private equity firms to raise Rs 100-crore.

The company will expand retail chain H&A's network by adding 250 stores by the year-end, reports added. At present, there are 120 stores of H&A across the country. The company is also planning to enter Kashmir in the north as well as the eastern states.

Alok Industries's net profit rose 12.90% to Rs 32.01 crore on a 44.70% rise in net sales to Rs 786.28 crore in Q1 June 2009 over Q1 June 2008.

Alok Industries is engaged in manufacturing and selling home textiles, apparel fabric, garments and polyester yarns.