Alok Industries in the limelight

Alok Industries, India's largest fully integrated textile company with a dominant presence in the Cotton and Polyester segments, seems to be hogging a lot of limelight today. Figuring amongst the top gainers, The stock is up over 6% at Rs.7.21 levels with an intra day high of Rs.7.30 and low of Rs.6.94.

The stock is up, reacting to the positive news that it has received an additional advance of US$ 50 million under Export Performance Bank Guarantee Scheme (EPBG). It has received a total export advance of US$725 million out of the demarcated US$1633 million. In July, the company had received an advance of US$200 million under the same scheme.