Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 95956.10 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 24529.53 Crore, up 14.94 % from last quarter Total Income of Rs 21341.10 Crore and up 21.59 % from last year same quarter Total Income of Rs 20174.61 Crore. Company reported net profit after tax of Rs 2533.30 Crore in latest quarter.
Investment Rationale
The stock has formed an Inverted Hammer candlestick pattern near an important support zone, which suggests that a reversal is likely in the near term.
Promoter/FII Holdings
Promoters held 40.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 12.6 per cent, DIIs 20.3 per cent and public and others 26.3 per cent.
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