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Grasim Industries gains on getting USDA biobased Certification for Birla Spunshades

20 Sep 2017 Evaluate

Grasim Industries is currently trading at Rs. 1229.10, up by 6.30 points or 0.52% from its previous closing of Rs. 1222.80 on the BSE.

The scrip opened at Rs. 1222.00 and has touched a high and low of Rs. 1233.15 and Rs. 1220.65 respectively. So far 9573 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1331.75 on 17-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. 1266.35 and Rs. 1203.00 respectively. The current market cap of the company is Rs. 80694.27 crore.

The promoters holding in the company stood at 31.27%, while institutions and non-institutions held 45.41% and 18.60% respectively.

Grasim Industries has been awarded the US Department of Agriculture (USDA) certified biobased product label for its dope dyed fibres- Birla Spunshades. Utilising renewable, bio-based materials displaces the need for non-renewable petroleum based chemicals.

Biobased products, through petroleum displacement, have played an increasingly important role in reducing greenhouse gas emissions that exacerbate global climate change. Biobased products are cost-comparative, readily available, and perform as well as or better than their conventional counterparts.

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

2738.80 20.55 (0.76%)
20-Apr-2026 12:00 View Price Chart
Peers
Company Name CMP
Grasim Industries 2738.80
DCM Shriram 1213.70
3M India 31455.00
Hindustan Foods 503.50
Balmer Lawrie & Co 178.00
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