Grasim Industries edges higher as it agrees to subscribe stake in Aditya Birla Capital

05 Sep 2019 Evaluate

Grasim Industries is currently trading at Rs. 695.70, up by 1.75 points or 0.25% from its previous closing of Rs. 693.95 on the BSE.

The scrip opened at Rs. 707.00 and has touched a high and low of Rs. 707.00 and Rs. 691.95 respectively. So far 44797 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.10 on 21-Sep-2018 and a 52 week low of Rs. 680.50 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 718.00 and Rs. 689.30 respectively. The current market cap of the company is Rs. 45698.39 crore.

The promoters holding in the company stood at 40.15%, while Institutions and Non-Institutions held 39.34% and 18.02% respectively.

Grasim Industries has agreed to subscribe to the equity shares proposed by Aditya Birla Capital on a preferential basis up to an amount not exceeding Rs 770 crore.

Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, 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

1456.90 -31.70 (-2.13%)
May 23, 18:01 View Price Chart
Peers
Company Name CMP
Grasim Industries 1456.90
SRF 2304.75
DCM Shriram 987.75
Birla Corporation 1010.95
Surya Roshni 421.55
View more..