Meanwhile, the S&P BSE Sensex was down 121.29 points or 0.47% at 25,958.19.

On BSE, so far 16.25 lakh shares were traded in the counter as against average daily volume of 12.10 lakh shares in the past one quarter.

The stock hit a high of Rs 6.40 and a low of Rs 6.18 so far during the day. The stock had hit a 52-week high of Rs 11.65 on 13 January 2015. The stock had hit a 52-week low of Rs 5.15 on 25 August 2015.

The stock had underperformed the market over the past one month till 29 December 2015, sliding 13.22% compared with Sensex's 0.19% fall. The scrip had also underperformed the market in past one quarter, advancing 0.65% as against Sensex's 1.17% rise.

The small-cap company has equity capital of Rs 1377.32 crore. Face value per share is Rs 10.

Shares of Alok Industries had declined 5.8% in preceding five trading sessions to settle at Rs 6.17 yesterday, 29 December 2015, from its recent high of Rs 6.55 on 21 December 2015.

Alok Industries reported net loss of Rs 242.20 crore in the quarter ended 30 September 2015 compared with net profit of Rs 45.36 crore in the quarter ended 30 September 2014. Net sales declined 15.4% to Rs 3167.91 crore in the quarter ended 30 September 2015 over the quarter ended 30 September 2014.

Alok Industries is India's largest fully integrated textile company, with a dominant presence in the cotton and polyester segments.