Grasim Industries Reports 9.36% Growth Over the Past Year, Outperforming Sensex
Grasim Industries has displayed mixed performance, underperforming its sector while maintaining a stable stock price. The company shows resilience with a market capitalization of Rs 1,88,293.07 crore and a higher P/E ratio than the industry average. Over the past year, it has outperformed the Sensex.
Grasim Industries, a prominent player in the Cement & Cement Products sector, has shown a mixed performance today, underperforming its sector by 0.61%. The stock opened at Rs 2760.55 and has maintained this price throughout the trading session. In terms of moving averages, Grasim's stock is currently above its 5-day and 200-day moving averages, indicating some stability, but it is below the 20-day, 50-day, and 100-day moving averages, suggesting a need for closer observation in the short to medium term.
With a market capitalization of Rs 1,88,293.07 crore, Grasim Industries boasts a P/E ratio of 43.30, which is notably higher than the industry average of 36.60. Over the past year, the company has achieved a performance of 9.36%, outperforming the Sensex, which recorded an 8.59% increase. Year-to-date, Grasim has delivered a robust return of 12.99%, significantly surpassing the Sensex's 7.82%.
Overall, Grasim Industries continues to demonstrate resilience in a competitive market, reflecting its strong position within the cement industry.
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