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Grasim Industries zooms on turning black in Q2

 

Grasim Industries is currently trading at Rs. 758.80, up by 24.50 points or 3.34% from its previous closing of Rs. 734.30 on the BSE.

The scrip opened at Rs. 739.00 and has touched a high and low of Rs. 767.30 and Rs. 722.00 respectively. So far 105027 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 958.55 on 27-May-2019 and a 52 week low of Rs. 635.60 on 07-Oct-2019.

Last one week high and low of the scrip stood at Rs. 785.50 and Rs. 713.05 respectively. The current market cap of the company is Rs. 48519.25 crore.

The promoters holding in the company stood at 40.15%, while Institutions and Non-Institutions held 39.10% and 18.30% respectively.

Grasim Industries has reported a net profit of Rs 526.49 crore for the quarter ended September 30, 2019 as compared to net loss of Rs 1186.66 crore for the same quarter in the previous year. However,total income of the company decreased by 5.73% at Rs 5083.64 crore for Q2FY20 as compared Rs 5392.57 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net profit of Rs 1472.77 crore for the quarter ended September 30, 2019 as compared to net loss of Rs 1319.79 crore for the same quarter in the previous year. Total income of the company increased by 2.80% at Rs 18652.86 crore for Q2FY20 as compared Rs 18143.98 crore for the corresponding quarter previous year.

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