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Alok Industries records heavy volumes as garment stocks outperform weak market
Alok Industries saw unusually high volumes and an 8 percent price jump, outperforming its sector and benchmarks amid selective accumulation by investors.
Alok Industries emerged as one of the most actively traded stocks on December 23 as trading volumes surged past 1.08 crore shares, reflecting heightened investor participation amid a volatile broader market. The stock traded in a wide intraday range, rising more than 8 percent to close near ₹17.33 after touching a high of ₹17.69. Market data showed that Alok Industries significantly outperformed both its sector and benchmark indices, even as the Sensex ended marginally lower. Prices holding above short term moving averages and rising delivery volumes point to cautious accumulation, though longer-term trend confirmation is still awaited.