Four bulk deals aggregating 1.06 crore shares were executed on the Alok Industries counter at an average price of Rs 21.61 per share in early trade on BSE.

Meanwhile, the BSE Sensex was down 29.34 points, or 0.17% to 17,236.53

On BSE, 1.48 crore shares were traded in the counter as against an average daily volume of 20.63 lakh shares in the past one quarter.

The stock hit a high of Rs 22 and a low of Rs 19.80 so far during the day. The stock had hit a 52-week high of Rs 29.50 on 5 June 2009 and a 52-week low of Rs 13.01 on 14 May 2009.

The mid-cap stock had underperformed the market over the past one month till 13 May 2010, falling 8.53% compared with the Sensex's 3.12% fall. It also underperformed the market in past one quarter, declining 24.09% as against 6.89% rise in the Sensex.

The company's equity capital is Rs 787.80 crore. Face value per share is Rs 10.

Alok Industries' net profit surged 36% to Rs 95.33 crore on 61.9% rise in net sales to Rs 1471.13 crore in Q4 March 2010 over Q4 March 2009.