Grasim Industries gains on aiming to become second largest player in paints sector

Grasim Industries is currently trading at Rs. 1795.70, up by 10.15 points or 0.57% from its previous closing of Rs. 1785.55 on the BSE.

The scrip opened at Rs. 1797.95 and has touched a high and low of Rs. 1799.70 and Rs. 1779.90 respectively. So far 5578 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1867.00 on 08-Aug-2023 and a 52 week low of Rs. 1528.00 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1814.35 and Rs. 1758.75 respectively. The current market cap of the company is Rs. 117812.95 crore.

The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.13% and 24.24% respectively.

Grasim Industries is aiming to become the second largest player in the paints sector which it considers a high-potential growth engine along with its new B2B e-commerce business for construction materials.

The firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth engines – Paints and B2B e-commerce for building materials. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business.

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.

Please share this news

Check Also

LG Launches With New Wi-Fi Convertible Side-by-Side Refrigerator

Udaipur : LG Electronics India is set to redefine how we experience refrigeration with the …

Leave a Reply

Your email address will not be published. Required fields are marked *