New Delhi, Oct. 7 -- Mukesh Ambani-led Reliance Industries-backed Alok Industries shares jumped 8.5% on Wednesday to Rs.8.50 apiece, extending their gains to the third consecutive trading session. The textile stock has gained more than 20% over the three sessions, despite remaining sharply lower across longer timeframes.

Alok Industries shares have gained 15% in one week and 8% in one month. However, the stock has declined 36% in three months, 36% in six months, 53% in one year and 66% in five years.

The stock hit a 52-week high of Rs.18.46 in October last year, while its 52-week low of Rs.6.92 was recorded earlier this month on October 1.

Alok Industries is a vertically integrated textile manufacturer with a presence across the cotton...