Amid the ups and downs of the stock market one of Mukesh Ambanis companies has caused significant losses to investors. The shares of Alok Industries a company where Mukesh Ambanis Reliance Industries holds a major stake have seen a sharp decline over the past year reducing its value to less than half. Alok Industries Performance In Stock Market On Wednesday Alok Industries stock experienced fluctuations. Around 1:30 PM the stock was trading at Rs 16.50 with a slight uptick. However over the past year the stock has witnessed a steep decline. Compared to its 52-week high the stocks price has nearly halved resulting in substantial losses for investors. Alok Industries Share Price The stock opened on a positive note on Wednesday but has been in a downward trend for a long time. A year ago it was priced at Rs 32 which also marked its 52-week high. Since then the stock has experienced a steady decline and its current price is Rs 16.75. This represents a drop of over 48% within a year almost slashing its value in half. A Record Low Just two days ago the stock hit Rs 14.50 its 52-week low. This marked a loss of over 50% in just a year. Though there has been a slight recovery in the past two days the stock remains volatile with continuous fluctuations in its price. 1100% Gain In 3 Months This stock once gave incredible gains to its investors. In early April 2020 the stock was trading at around Rs 4.30. In just three months the price skyrocketed to Rs 53 representing a massive gain of over 1100%. An investment of Rs 1 lakh turned into Rs 12 lakh in just three months making it a favorite among investors during that period. Alok Industries Alok Industries operates in the textile industry. Reliance Industries holds a 40.01% stake in the company while JM Financial Asset Reconstruction Company owns 34.99% making the total promoter holding 75%. The remaining 25% is held by public shareholders. According to the official BSE website the company has a market capitalization of Rs 8187.68 crore. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)