Grasim Industries Ltd (GRASIM)

Grasim Industries Stock Poised for Strong Up-Move - 24 Apr, 2024

Grasim Industries stock has broken above its all-time high mark of 2,323 on daily timeframe charts and is expected to move towards 2,500 and above. The overall chart structure is positive with strong momentum, but a strict stop-loss should be kept at the 2,325 mark.

Grasim Industries Stock Hits Record High - 23 Apr, 2024

Shares of Grasim Industries rose for the third straight session to hit a record high of Rs 2374.75, gaining 4.11% on BSE. The market cap of the firm climbed to Rs 1.61 lakh crore. The share has gained 43% in one year and 12% since the beginning of this year, rising 172% in five years.

ICICI Securities Warns of Paint Players' Pricing Power Taking a Hit on Rising Crude - 22 Apr, 2024

ICICI Securities warns that rising crude oil prices could make things tougher for established paint companies, but Grasim Industries may not feel the pinch as much due to Birla Opus pricing its paints 17% lower than the market.

Grasim Industries' Low P/E Ratio Reflects Poor Earnings Performance - 15 Apr, 2024

Grasim Industries has a low P/E ratio of 27.2x due to poor earnings performance and anticipated EPS contraction by 68% in the coming year, according to nine analysts. The company's recent earnings growth has been inadequate compared to the market, leading shareholders to accept the low P/E as future earnings are unlikely to provide any pleasant surprises. There are also significant risks to consider.

Jefferies Retains Buy Call on Grasim Industries Amid Expected Q4 Profit Surge - 09 Apr, 2024

Grasim Industries is expected to see an 80% YoY surge in Q4FY24 net profit to ₹170 crore, while net sales are predicted to decline by 3.2%. Jefferies has retained its buy call on the company and set a price target of Rs 2,600 per share.

Grasim's B2B E-Commerce Unit Crosses Revenue Milestone - 08 Apr, 2024

Grasim Industries' B2B e-commerce unit, Birla Pivot, achieved a remarkable milestone of achieving Rs 1,000 crore revenue in its first year of operations. The achievement has placed the business unit as one of the fastest-growing entities to achieve such a milestone in the B2B e-commerce space. As a result, Grasim Industries' shares rose by 1.09%.

Grasim Industries Ltd's Earnings Disappoint Some Investors - 07 Apr, 2024

Grasim Industries Ltd's P/E ratio of 27x may be sending bullish signals, but its earnings have been going backwards lately. The reduced P/E could be due to poor earnings performance that investors think won't improve.

Grasim Industries Stock Falls After Stake Sale Via Bulk Deal - 05 Apr, 2024

Despite posting strong financial results, Grasim Industries' stock fell by around 1.5% following an international entity selling its stake via a bulk deal. A report also projected a 3% YoY revenue decline, but adjusted PAT is expected to grow by 80% YoY.

Grasim Industries Touches 52-Week High - 01 Apr, 2024

High-frequency trading firms have been active in small, illiquid stocks like Grasim Industries, which touched a 52-week high.

Grasim's Paints Business to Turn Profitable in Third Year of Operations - 29 Mar, 2024

Aditya Birla Group Chairman Kumar Mangalam Birla has stated that Grasim's paints business will turn profitable in the third year of operations and cross a topline figure of 10,000 crore. However, brokerage firm Investec has expressed concerns about Grasim's entry into the paint market and its impact on established pricing norms.