Mukesh Ambani
Every day something new happens in the stock market, but today a special stock is in discussion, which is directly related to Mukesh Ambani's Reliance Group. We are talking about Reliance's textile company Alok Industries, which showed tremendous boom today. Today, more than 15% has seen a boom in this stock. The special thing is that despite this, its price is less than Rs 25. According to a news from Mint, Alok Industries is preparing to increase its business in Bangladesh. The company is planning to increase exports and expand fabric business there. For this reason, the trust of investors has increased and stock has gained momentum.
On Tuesday, Alok Industries shares recorded a great increase of 15.30% in the stock market and it reached the level of Rs 23.20. This is the highest level of the last seven months. With this fast, heavy volume was also seen in stock, that is, investors have taken it hands-on.
Recently, US President Donald Trump has announced a new tariff on Bangladesh. This tariff is 36% and will be applicable from 1 August 2025. Now you must be thinking that Bangladesh's tariff and India's textile stock, what is its connection? Actually, Bangladesh is a big player of textile exports and America is his main market. With this new tariff, textile products of Bangladesh will become expensive, which can directly benefit countries like India.
Market experts believe that this heavy tariff on Bangladesh will give a new opportunity to India's textile sector. India is already in a strong position in textile exports, and now the demand of Indian companies is expected to increase in the US market. Alok Industries, which is part of the Reliance Group, is fully ready to take advantage of this opportunity. The rise in the company's shares is evidence that investors are also in the mood to capitalize on this possibility.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India has to take advice from its financial advisors before taking any decision related to money to its readers and audience.
