Grindwell Norton Shows Strong Short-Term Gains Amid Broader Market Recovery

Mar 21 2025 03:15 PM IST
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Grindwell Norton Ltd., a midcap player in the abrasives industry, has experienced notable gains, outperforming its sector. The stock has shown a strong upward trend over the past week, reaching an intraday high today. However, its longer-term performance reflects a decline compared to the broader market.
Grindwell Norton Ltd., a midcap player in the abrasives industry, has shown significant activity today, gaining 8.46% as of March 21, 2025. This performance has allowed the stock to outperform its sector by 2.59%. Over the past five days, Grindwell Norton has demonstrated a strong upward trend, accumulating a total return of 14.9%.

Today, the stock reached an intraday high of Rs 1751.8, reflecting a 5.45% increase. In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day moving averages.

In the broader market context, the Sensex has rebounded sharply after a negative opening, currently trading at 76,928.90, up 0.76%. The abrasives sector itself has gained 3.22%, contributing to the positive momentum. Despite recent gains, Grindwell Norton’s longer-term performance shows a decline of 7.51% over the past year, contrasting with the Sensex's 5.92% increase during the same period.
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