Grasim Industries moves up on restarting production at its Nagda plant

Grasim Industries is currently trading at Rs 2076.70, up by 6.10 points or 0.29% from its previous closing of Rs 2070.60 on the BSE.

The scrip opened at Rs 2075.00 and has touched a high and low of Rs 2088.00 and Rs 2055.00 respectively. So far 40743 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2625.00 on 06-Apr-2011 and a 52 week low of Rs 1740.00 on 30-Jun-2010.

Last one week high and low of the scrip stood at Rs 2112.00 and Rs 1981.20 respectively. The current market cap of the company is Rs 18985.80 crore.

The promoters holding in the company stood at 25.53% while Institutions and Non-Institutions held 41.74% and 21.70% respectively.

Grasim Industries which has temporarily suspended production at its Staple Fibre Plant at Nagda fully and that of Chlor-Alkali Plant at Nagda by half due to water shortage, has now informed that with the onset of monsoon and the arrival of water in the Nagda reservoir, the Staple Fibre Plant at Nagda and the Chlor-Alkali Plant at Nagda have restarted in gradual manner and the production is expected to be restored at their full capacity by June 30, 2011.

The company’s net profit for the fourth quarter has jumped by 36.70% at Rs 395.54 crore as compared to Rs 289.35 crore for the corresponding quarter previous year. Its total income has increased by 29.30% at Rs 1546.71 crore for the quarter under review from Rs 1196.17 crore in the corresponding previous quarter.


Source:- http://money.livemint.com/News/Home/EQUITY/MOVERS-TODAY/141911.aspx

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Ankit Wani
Intern @ DENIP Consultants Pvt. Ltd.