Grasim Industries gains on resuming production at its plant located in Madhya Pradesh

11 Jul 2012 Evaluate

Grasim Industries is currently trading at Rs. 2659.00, up by 12.55 points or 0.47% from its previous closing of Rs. 2646.45 on the BSE.

The scrip opened at Rs. 2645.00 and has touched a high and low of Rs. 2669.00 and Rs. 2640.00 respectively. So far 1275 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2924.45 on 21-Feb-2012 and a 52 week low of Rs. 2040.00 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 2700.00 and Rs. 2601.00 respectively. The current market cap of the company is Rs. 24288.35 crore.

The promoters holding in the company stood at 25.55% while Institutions and Non-Institutions held 40.39% and 22.58% respectively. 

Grasim Industries has started the production at its staple fibre plant and chlor-alkali plant located at Nagda in Madhya Pradesh in gradual manner and the full production is expected to be restored by July 12, 2012. The company has been able to resume the production pursuant to the onset of monsoon due to which the availability of water has improved.

Earlier, the company had curtailed production at its staple fibre plant from July 01, 2012. Separately, the company’s chlor-alkali plant at Nagda had also curtailed production to about 50% of its rated capacity of 258,000 TPA. The company had taken this step due to delay in onset of monsoon and consequential water shortage.

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.

Grasim Industries Share Price

2695.00 -45.95 (-1.68%)
06-Sep-2024 16:01 View Price Chart
Peers
Company Name CMP
Grasim Industries 2695.00
DCM Shriram 1123.95
Birla Corporation 1336.20
Surya Roshni 663.40
3M India 35078.00
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