Grasim Inds inches up amid volatility after Q1 results

Grasim Industries rose 1.03% to Rs 3,790 at 13:41 IST on BSE after consolidated net profit declined 0.5% to Rs 484.67 crore on 4.79% growth in total income to Rs 8712.99 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 7 August 2015.

Meanwhile, the S&P BSE Sensex was down 22.87 points or 0.08% at 28,275.26.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 6,391 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.42% at the day's high of Rs 3,842.35 so far during the day. The stock fell as much as 1.21% at the day's low of Rs 3,705.75 so far during the day. The stock had hit a 52-week high of Rs 4,023.60 on 3 March 2015. The stock had hit a 52-week low of Rs 3222.60 on 16 October 2014.

The stock had outperformed the market over the past one month till 6 August 2015, surging 5.62% compared with Sensex's 0.32% rise. The scrip had also outperformed the market in past one quarter, jumping 7.75% as against Sensex's 5.92% rise.

The large-cap company has equity capital of Rs 91.85 crore. Face value per share is Rs 10.

Grasim Industries' two main businesses are Viscose Staple Fibre (VSF) and cement. It is also present in chemicals, which is essentially a backward integration of VSF.

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