Grasim Industries is currently trading at Rs. 4325.75, up by 16.75 points or 0.39% from its previous closing of Rs. 4309.00 on the BSE.
The scrip opened at Rs. 4320.00 and has touched a high and low of Rs. 4342.70 and Rs. 4315.00 respectively. So far 426 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4404.40 on 30-May-2016 and a 52 week low of Rs. 3242.05 on 26-Feb-2016.
Last one week high and low of the scrip stood at Rs. 4404.40 and Rs. 4280.35 respectively. The current market cap of the company is Rs. 40466.15 crore.
The promoters holding in the company stood at 31.13%, while Institutions and Non-Institutions held 39.99% and 20.68% respectively.
Grasim Industries has suspended production of Viscose Staple Fibre (VSF) at its Nagda plant in Madhya Pradesh (MP) due to water shortage caused by deficient rain last year. The company has suspended production from the 5th June 2016 in a phased manner, which will be resumed on the arrival of monsoon and availability of adequate water.
The company has built up adequate VSF stock and will continue to cater to the requirements of all its customers from its available stock and supplies from other VSF Plants located at Kharach and Vilayat (Gujarat) and Harihar (Karnataka). In view of adequate stock available with the company, VSF sales are not likely to be affected.
Further the company shall utilize the opportunity to carry out the requisite preventive maintenance and repair work during the period. The Chlor Alkali plant, during this period will be operating at a lower capacity to the extent of availability of water.
Grasim Industries is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2534.45 |
| DCM Shriram | 1292.15 |
| Birla Corporation | 1081.60 |
| Surya Roshni | 568.55 |
| 3M India | 31270.75 |
| View more.. | |
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