Grindwell Norton Shows Strong Short-Term Gains Amid Mixed Long-Term Performance

Grindwell Norton, a midcap player in the abrasives industry, has shown notable activity today, gaining 5.28% on March 7, 2025. This performance outpaces the broader market, as the Sensex has only increased by 0.17%. Over the past four days, Grindwell Norton has demonstrated a strong upward trend, accumulating a total return of 16.3%.
Despite opening the day with a loss of 2.35%, the stock rebounded to reach an intraday high of Rs 1,640, reflecting a 5.01% increase. However, it also recorded a low of Rs 1,525.05 during the trading session. In terms of moving averages, the stock is currently above its 5-day and 20-day averages but remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed momentum.

Looking at longer-term performance, Grindwell Norton has faced challenges, with a year-to-date decline of 14.52% and a three-month drop of 24.10%. However, over the past five years, the stock has appreciated significantly, with a return of 185.66%, outperforming the Sensex's 98.15% gain in the same period.