Grasim Industries Approaches 52-Week High Amid Strong Market Performance

Grasim Industries, a prominent player in the cement industry, has shown notable activity in the market today. The stock is currently trading close to its 52-week high, just 4.88% away from Rs 2875.45. Over the past three days, Grasim has experienced a consecutive gain, reflecting a 1.54% increase during this period.
Today, the stock opened at Rs 2741.6 and has maintained this price level throughout the trading session. Grasim Industries is performing in line with the sector, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.

With a market capitalization of Rs 1,85,821.84 crore, Grasim Industries boasts a P/E ratio of 43.41, slightly below the industry average of 46.41. Over the past year, the stock has delivered a return of 16.43%, significantly outperforming the Sensex, which has risen by 7.95%. In terms of longer-term performance, Grasim has shown impressive growth, with a 5-year increase of 451.43%, compared to the Sensex's 147.84%.