Mukesh Ambani changed the fortunes of this company, gave 28 times return in 52 months - Newztezz Online

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Tuesday, March 19, 2024

Mukesh Ambani changed the fortunes of this company, gave 28 times return in 52 months


Ever since Mukesh Ambani's name has been associated with Alok Industries, the company's shares have become a profit earning machine for investors. Let us try to understand this from figures. In October 2019, the share of Alok Industries was Rs 1.4, which has reached Rs 28 per share.

Whatever Asia's richest businessman Mukesh Ambani puts his hands to, it turns into gold. We have seen many such examples in history. Today we are going to tell about one such company. Whose fate was changed by Mukesh Ambani himself. Until Mukesh Ambani owned this company, no one knew about this company. Today this company has given a return of 28 times to investors in 52 months. Yes, today we are talking about Mukesh Ambani's textile company Alok Industries. Which has wooed the investors in no time. Let us also tell you when Mukesh Ambani took this company into his hands and how much benefit the investors got.

How much return has been given?

Ever since Mukesh Ambani's name has been associated with Alok Industries, the company's shares have become a profit earning machine for investors. Let us try to understand this from figures. In October 2019, the share of Alok Industries was Rs 1.4, which has reached Rs 28 per share. In about 52 months, the company has given a return of 1900 percent to the investors. If an investor had invested Rs 10,000 in this stock, its value would have been Rs 2 lakh today. Now you must have understood that Alok Industries has left no stone unturned in making investors rich.

How much return did you give in a year?

Talking about the last one year, this company of Mukesh Ambani has given strong returns to the investors. In the last one year, the shares of Alok Industries have seen a rise of more than 114 percent. Whereas in the current year this company has given a return of 31 percent to the investors. The company's shares have seen a decline of 3.5 percent in the month of March. In the month of February, the company's shares saw a decline of 11 percent. If we talk about the month of January, investors got a return of about 52 percent. On January 9, shares of Alok Industries had reached a 52-week high of Rs 39.05. At present the company's shares are more than 28 percent below this level. On the other hand, the company's 52-week low is Rs 10.90. At present, an increase of 156 percent has been seen in the company's shares from this level.

How much shareholding is there in the company

If we talk about the company's shareholding in Alok Industries, at present it is 40 percent. Mukesh Ambani's Reliance Industries had acquired the shareholding of this company with JM Financial Asset Reconstruction Company. At that time Reliance held 1,98,65,33,333 shares of Alok Industries. If we talk about JM Financial Asset Reconstruction Company, it has about 35 percent stake in Alok Industries. If experts are to be believed, the company's shares may see further increase in the coming days.

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