DSIJ Mindshare

Debt-laden textile company Alok Industries is on the way to liquidation has the company’s lender rejected the rescue offer put forth by Reliance and JM Financial ARC.

Bank’s net profit for the quarter increased by 21 per cent from the corresponding quarter of last year to Rs. 64.2 crore. 

Steel Strips Wheels Limited (SSWL) has secured another big export order for supply of Steel wheels to the EU Caravan market.

Although the benchmark indices are trading in red following a gap-down opening, Nifty Pharma index has been continuously surging and has gained more than 1 per cent and broke out of its consolidation and also breached its major resistance at 8,841 levels with justifiable volumes.

Overall volumes in futures & options currently stand at 66.02 lakh contracts with a turnover of Rs. 5,78,452.57 crore.