Grasim Industries Faces Decline Amid Mixed Performance in Cement Sector

Grasim Industries, a prominent player in the Cement & Cement Products sector, has shown notable activity today, closing at Rs 2,765.35. The stock is currently 4.78% away from its 52-week high of Rs 2,897.55. However, it has underperformed the sector by 0.79% and has experienced a consecutive decline over the past four days, resulting in a total drop of 3.95% during this period.
In terms of moving averages, Grasim Industries is positioned higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. The company has a market capitalization of Rs 1,89,102.07 crore and a price-to-earnings (P/E) ratio of 44.84, slightly above the industry average of 44.73.

Over the past year, Grasim Industries has delivered a return of 2.61%, outperforming the Sensex, which has seen a decline of 1.79%. In the broader context of the cement sector, 72 stocks have reported results, with 24 showing positive performance, while 38 remained flat and 10 reported negative results.