Espresso shot of the day – Grasim Industries up by 6.44 percent

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Espresso shot of the day – Grasim Industries up by 6.44 percent

January 25, 2023
Espresso shot of the day – Grasim Industries up by 6.44 percent

GRASIM INDUSTRIES LTD 1069.05 (+06.44%)   BSE – INE047A01021| 25th JAN 2021

Binge graph Grasim industries limited

Grasim Industries Limited, a flagship company of the global conglomerate Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India’s largest cement producer and a leading diversified financial services player. 

Recent Drivers

  • The Grasim Industries board has approved a plan to invest Rs 5,000 crores over the next 3 years in the Paints business.
  • Prior to the demerger of the Cement division, Grasim’s VSF cash flows were used to fund its cement expansion and now the same is intended to be utilised for its high-growth Paints business.
  • Grasim said that this move will also provide an impetus to the government's vision of Atma Nirbhar Bharat and support the supplier ecosystem of MSMEs by helping them expand their existing raw material manufacturing capacities.
  • Grasim Industries has recently sold its fertiliser unit to Indorama for Rs 2,649 crores.
  • Grasim Industries reported a 3.3% increase in consolidated net profit at Rs 1,521.40 crores for the second quarter ended Sept 2020.
  • Grasim Industries ties up Lubrizol for setting up a CPVC resin plant.
(Source: Moneycontrol, BSE, Economic Times, Business Standard, Business Today)

Technical Force*

  • S&P BSE 500 month till date gain up by 2.01%
  • Touched upper circuit 1104.08 | Traded on new 52-week high of 1122.65
  • Spurt in volume by more than 9.73 times compared to previous volume
  • Stock price has jumped more than 100% in one year low level – 385, Mar 25, 2020
  • Daily RSI (14) is near to overbought territory
  • 52-week high – 1122.65 | 52-week low – 380

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1700.78

1327.22

1127.13

753.57

553.48

179.92

-

-

Fibonacci Pivot

1327.22

1108.08

972.70

885.51

753.57

621.63

534.43

399.05

179.92


Today’s Close

1069.05

SMA

BSE

10 DAY

1024.86

20 DAY

993.10

50 DAY

930.32

200 DAY

714.84


Some Key Ratios (Source: BSE)

Market Cap: 70,338.25 crores

PE: 104.42

OPM%: 17.59

ROE%: 1.58

Prev. Close: 1004.40

* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.