Grasim Industries is currently trading at Rs. 1259.10, up by 7.15 points or 0.57% from its previous closing of Rs. 1250.95 on the BSE.
The scrip opened at Rs. 1251.65 and has touched a high and low of Rs. 1267.50 and Rs. 1241.00 respectively. So far 93018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1293.85 on 05-Jul-2017 and a 52 week low of Rs. 781.80 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 1293.85 and Rs. 1231.45 respectively. The current market cap of the company is Rs. 58650.29 crore.
The promoters holding in the company stood at 31.27%, while Institutions and Non-Institutions held 44.56% and 18.92% respectively.
Grasim Industries (Grasim) has entered into a share transfer agreement for the divestment of its 100% holding of Grasim Bhiwani Textiles (GBTL), a wholly owned subsidiary, to Donear group of Mumbai. GBTL has been primarily engaged in the business of manufacturing and marketing of Polyester-Viscose Fabric. GBTL constitutes a very small proportion of Grasim's consolidated financials with a revenue / EBITDA share of less than 1%.
This divestment is the outcome of the business portfolio review exercise from time to time. It is in the direction of consolidation and greater focus on core businesses of the company. Given the size of Grasim's total operations, GBTL's divestment will have a negligible impact on the company's financials. The transaction represents a change in the ownership of GBTL from Grasim to Donear Group, with no management changes envisaged at the operational level of GBTL.
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% of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2597.55 |
| DCM Shriram | 1251.65 |
| Birla Corporation | 1102.45 |
| Surya Roshni | 565.00 |
| 3M India | 30706.75 |
| View more.. | |
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