Meanwhile, the BSE Sensex was down 105.84 points or 0.6% to 17,435.80.

On BSE, 5.09 lakh shares were traded in the counter as against average daily volume of 13.97 lakh shares in the past one quarter.

The stock hit a high of Rs 12.05 and a low of Rs 11.50 so far during the day. The stock had hit a 52-week low of Rs 11.30 on Thursday, 30 August 2012. The stock had hit a 52-week high of Rs 23.90 on 13 February 2012.

The stock had underperformed the market over the past one month till 30 August 2012, sliding 26.2% compared with Sensex's 2.32% rise. The scrip had also underperformed the market over the past one quarter, tumbling 38.73% as against Sensex's 7.54% surge.

The company has equity capital of Rs 826.27 crore. Face value per share is Rs 10.

Shares of Alok Industries tumbled 25.72% in four trading sessions to settle at Rs 11.55 on Thursday, 30 August 2012, from a recent high of Rs 15.55 on 24 August 2012.

Alok Industries' net profit fell 49% to Rs 30.07 crore on 47.9% growth in net sales to Rs 2422.75 crore in Q1 June 2012 over Q1 June 2011.

Alok Industries is an integrated textile company, with a dominant presence in the cotton and polyester segments.