Alok Industries strengthens

Alok Industries gained 2.02% to Rs 60.50 at 12:57 IST on BSE on reports the company expects revenue growth of about 30% for the next two years.

. The stock had a 52-week high of Rs 107.75 on 1 January 2008 and a 52-week low of Rs 49.40 on 24 March 2008.

The company’s current equity is Rs 187.17 crore. Face value per share is Rs 10.

The current price of Rs 60.50 discounts its Q3 December 2007 EPS of Rs 11.16 by a PE multiple of 5.42.

Alok Industries net profit rose 31.7% to Rs 48.80 crore on 14.8% rise in sales to Rs 550.78 crore in Q3 December 2007 over Q3 December 2006.

Alok Industries is engaged in manufacturing and selling home textiles, apparel fabric, garments and polyester yarns.