Grasim Industries climbs over 4 pc on Q3 results

Shares of Grasim Industries surged over 4 per cent after the Aditya Birla Group firm reported an increase of 13.69 per cent in consolidated net profit at Rs 728.19 crore for the third quarter ended December 31.
The stock gained 4.46 per cent to settle at Rs 970.20 on BSE. Intra-day, it touched a high of Rs 1,004.10.
On NSE, shares of the company surged 4.11 per cent to end the day at Rs 969.55.
On the volume front, 1.86 lakh shares changed hands on BSE and over 45 lakh shares were traded on NSE.
Grasim Industries today posted a consolidated net profit of Rs 728.19 crore for the third quarter.

Net profit stood at Rs 640.47 crore in October-December a year ago, Grasim Industries said in a BSE filing.
Its consolidated total income from operations was up marginally by 0.84 per cent at Rs 9,577.02 crore during the quarter under review as against Rs 9,496.84 crore in the same period last fiscal.