India's Alok Industries falls after weak quarterly earnings

About this update from Alok Industries Limited

** India's Alok Industries NSE:ALOKINDS falls 5.6% to 20.80 rupees, set for biggest daily pct. losses since April 25** Reliance Industries NSE:RELIANCE1!-promoted textile co's Q1 revenue down 7.3% y/y** Posts 1.72 billion rupees loss for the quarter, vs 2.07 billion rupees loss a year ago** More than 31 million shares change hands, vs 30-day avg. volume of ~40 million** YTD, ALOK down 1%

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