Grasim Industries Shows Increased Market Activity Amid Rising Stock Resilience

Grasim Industries Ltd, a prominent player in the Cement & Cement Products industry, has emerged as one of the most active equities today, with a total traded volume of 1,276,124 shares and a total traded value of approximately Rs 35.65 crore. The stock opened at Rs 2,774.0 and reached a day high of Rs 2,800.9, while the day low was Rs 2,766.5. As of the latest update, the last traded price (LTP) stands at Rs 2,788.3.
Notably, Grasim Industries is currently close to its 52-week high, just 3.74% away from Rs 2,896. The stock has shown resilience today, gaining 0.69% and outperforming its sector, which recorded a 0.36% return. This marks a trend reversal for Grasim, as it has gained after three consecutive days of decline.

In terms of moving averages, the stock is performing higher than the 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. However, investor participation has seen a decline, with delivery volume on July 11 falling by 13.54% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades sized at Rs 3.47 crore, supported by a market capitalization of Rs 1,89,256.76 crore. Overall, Grasim Industries continues to demonstrate notable activity in the market.