Page 7 - Grasim Industries

Birlas infuse Rs 1,100 cr in Essel Mining to pare debt of group firm IGH

The proceeds were used to on-lend to IGH and prune its borrowings by 40% by March 2020

Hit by Covid-19 lockdown, Grasim puts capital expenditure for FY21 on hold

Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.

Grasim Q3 net profit down 9.4% to Rs 1,039.91 cr over drop in VSF prices

The company had posted a net profit of Rs 1,147.80 crore during the October-December quarter of the previous fiscal, Grasim Industries said in a regulatory filing

Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries

Grasim Industries had reported a net loss of Rs 1,319.79 crore in the September quarter a year ago

Derivatives strategy on Grasim Industries by HDFC Securities

Derivative call by Nandish Shah, Technical Analyst, HDFC securities

Two stocks that Sacchitanand Uttekar of Tradebulls Securities is bullish on

Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP - Technical (Equity)

Grasim Industries plans to invest additional Rs 6,400 crore to add capacity

The additional capacity will be commissioned at Vilayat plant in Gujarat in two years

I-T dept slaps Rs 5,872-crore tax demand notice on Grasim Industries

Grasim said the order was not tenable in law and the company was taking necessary action against the order

Aditya Birla Group's Grasim Industries to buy Soktas India for Rs 165 crore

Currently, SIPL is a wholly-owned subsidiary of SOKTAS Tekstil Sanayi ve Ticaret A.S, world producer and marketer of fabrics, with its main facilities in Soke, Turkey

Grasim Industries posts Q3 net at Rs 1,144 cr, revenue rises to Rs 9,389 cr

Grasim Industries' consolidated sales volume registered an increase of 15% on YoY basis to 19.4 million tonne per annum

Grasim Industries plans to foray into menswear segment with liva fibre

Birla Cellulose has recently unveiled a new eco-friendly variant called Liva fabric i.e. Livaeco

Grasim Industries Q1 profit at Rs 13.99 bn; total income rises to Rs 170 bn

The company said its "current quarter results are not comparable with that of the corresponding quarter of the previous year"

Grasim Industries gets green nod for Rs18 bn expansion project in Gujarat

The company plans to raise the production capacity of VSF from 1,27,750 tonne per annum (TPA) to 2,33,600 TPA

Grasim: Healthy prospects of financial services, cement arms will help

Analysts expect realisations to remain largely stable, given its monopoly in the VSF segment and focus on value-added products

Grasim trades lower after spin-off from fin services

Grasim was to issue three shares for every 10 shares of Aditya Birla Nuvo held by investors

Grasim Industries trades ex-date to spin off its financial business

The stock dipped 7% to Rs 1,013 from its opening level of Rs 1,091 on BSE in intra-day trade

Grasim Industries divests stake in its Bhiwani Textiles to Donear Group

Grasim Inds has entered into a share transfer agreement with Donear group of Mumbai

Grasim Industries posts Q4 net profit at Rs 1,063 cr

For the entire fiscal, the company reported a consolidated net profit at Rs 4,245.61 crore

Grasim Ind gets nod to raise FDI limit to 49%

The existing limit was 30%

Grasim's 'Holding company' discount may widen

Grasim Industries has gained spotlight as the shareholders cleared the amalgamation of Aditya Birla Nuvo (ABNL) with the company. With a nod from shareholders on the demerger and thereafter separate listing of the financial services business, ABNL's merger with Grasim is not far. However, if analysts are to be believed, the street may assign a higher holding company discount to the combined entity, thereby capping further gains. When companies own equity stake in businesses or when they own diverse businesses (directly or indirectly), the market tends to value such companies at a discount to the total value of the businesses.Grasim has been a textiles, chemicals and cement play up till now. However, with cement represented by its over 60 per cent stake in UltraTech, Grasim has remained its holding company. It has thus been valued by the market after assigning a 30-40 per cent discount to the actual value of cement business. With the merger of ABNL, Grasim will get exposure to ...