Grasim Industries Shows Resilience with Strong Long-Term Performance Amid Market Fluctuations

Grasim Industries, a prominent player in the Cement & Cement Products sector, has shown notable activity today, outperforming its sector by 0.57%. The stock has been on a positive trajectory, gaining for the last two days with a total return of 1.41% during this period. It opened at Rs 2748.95 and has maintained this price throughout the trading session.
In terms of moving averages, Grasim's stock price is currently above the 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. The company holds a market capitalization of Rs 1,85,025.24 crore and has a price-to-earnings (P/E) ratio of 46.65, which is slightly lower than the industry average of 47.52.

Over the past year, Grasim Industries has experienced a decline of 2.96%, contrasting with the Sensex's gain of 2.21%. However, year-to-date performance shows a positive return of 11.03%, outperforming the Sensex's 4.69%. The stock's long-term performance is noteworthy, with a remarkable increase of 368.24% over the past five years, significantly surpassing the Sensex's 114.55% growth during the same period.