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Grasim Industries rises on getting nod to raise FDI limit to 49%

17 Apr 2017 Evaluate

Grasim Industries is currently trading at Rs. 1059.70, up by 9.75 points or 0.93% from its previous closing of Rs. 1049.95 on the BSE.

The scrip opened at Rs. 1069.85 and has touched a high and low of Rs. 1069.85 and Rs. 1058.00 respectively. So far 4683 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1098.00 on 24-Mar-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. 1097.90 and Rs. 1045.10 respectively. The current market cap of the company is Rs. 49487.39 crore.

The promoters holding in the company stood at 31.28%, while Institutions and Non-Institutions held 41.50% and 27.23% respectively.

Grasim Industries has received an approval from the Reserve Bank of India to raise foreign shareholding to 49 per cent from the existing limit of 30 per cent under the portfolio investment scheme (PIS). The company has passed necessary resolution at the board of directors' level and also a special resolution by its general body to increase FIIs/FPIs' investment limit to 49 per cent.

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.

Grasim Industries Share Price

2718.25 1.95 (0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2718.25
DCM Shriram 1225.85
3M India 31394.15
Hindustan Foods 509.15
Balmer Lawrie & Co 176.20
View more..

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