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Grasim Ind rises over 4% in two sessions; hits 52-week high


Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.
Shares of Grasim Industries rallied 4.06% in two trading sessions from a recent closing low of Rs 1,338.90 on Friday, 5 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 75.892. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 1134.20 and its 200-day moving average (DMA) placed at 822.10.
Grasim Industries posted 103% jump in consolidated net profit to Rs 1,384 crore on 13% rise in revenue from operations to Rs 20,986 crore in Q3 FY21 over Q3 FY20. ....

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Grasim net doubles on higher realisation - The Hindu BusinessLine


Grasim net doubles on higher realisation
February 12, 2021
Grasim Industries viscose staple fibre facility at Nagda.×
Viscose Staple Fibre sales were up 3% at 1,42,000 tonnes
Grasim Industries, an Aditya Birla Group company, has reported that its consolidated net profit more than doubled in the December quarter to ₹2,152 crore against ₹1,040 crore logged in the same period last year.
Revenue was up 13 per cent at ₹20,986 crore (₹18,617 crore). On a standalone basis, net profit zoomed to ₹359 crore (₹185 crore) even as the sales were down five per cent at ₹3,672 crore (₹3,858 crore).
Spike in VSF business
Viscose Staple Fibre (VSF) sales were up 3 per cent at 1,42,000 tonnes (1,38,000 tonnes) and viscose fibre yarn sales were flat at 10 million tonnes. Revenue from VSF business was down two per cent at ₹2,145 core (₹2,194 crore). EBITDA was up 86 per cent to ₹482 crore (₹256 crore). ....

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Grasim Industries to enter paints business, invest Rs 5,000 crore in 3 years


Grasim Industries to enter paints business, invest Rs 5,000 crore in 3 years
Grasim says its entry in the paints sector will add size, scale, diversity and stability to cash flows of the existing business portfolio of the company
BusinessToday.In | January 22, 2021 | Updated 23:35 IST
Grasim Industries to enter into the paints business
Grasim Industries, a part of Aditya Birla Group, on Friday announced it has entered into the paints business, which is currently dominated by established players like Asian Paints and Nerolac. The company will make an initial investment of 5,000 crore over the next 3 years, primarily towards capital expenditure.
The textile manufacturer says that its entry in the paints sector will add size, scale, diversity and stability to cash flows of the existing business portfolio of the company. The Aditya Birla Group flagship company believes that this sector is likely to be value accretive to its shareholders. ....

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