Grasim shares up by 3.02 percent

By SiliconIndia   |   Thursday, August 20, 2009
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Bangalore: Grasim shares ended the trading as one of the top gainers with a gain of Rs.74.20 (3.02 percent). After opening at Rs.2,470, the stock went up to Rs.2,554 to end the day at Rs.2,539.50. A total volume of 222,668 shares were traded through the day, with the current P/E ratio of the stock at 13.00. Franklin India Bluechip Fund holds the highest number of shares in Grasim with 200,000 shares. The 52 week stock price chart is on the left. The stock chart for 52-weeks is given on left. Grasim Industries is a company of the Aditya Birla Group. The company operates in various segments: fibre and pulp, which includes products, such as viscose staple fibre and rayon grade pulp; chemicals that includes products, such as caustic soda and allied chemicals; cement that includes grey and white cement; sponge iron, which includes sponge iron products, and textiles, which includes fabrics and yarn. In the first quarter (Q1) ended June 30, 2009, Grasim reported a 18 percent jump in its net revenue at Rs.5,123 crore, as compared to Rs.4,448 in the corresponding period last year. Currently, out of the 32 analysts following the stock, consensus recommendation is hold. Out of them four analysts recommend to buy, four rate it as outperform and three recommend to sell the stock. Other cement companies have also ended the day on positive node. Ambuja Cements gained by 2.85 percent, Jaiprakash Associates went up by 0.99 percent and UltraTech Cement by 1.31 percent.
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