Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 102090.91 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
Keeping a series of ascending tops and bottoms intact, recent decline found renewed buying interest near its 50 day average. Recovery thereafter could mean resumption of uptrend.
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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