Previous close | 2,367.45 |
Open | 2,366.95 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 2,330.05 - 2,379.30 |
52-week range | 1,660.40 - 2,384.30 |
Volume | |
Avg. volume | 917,461 |
Market cap | 1.589T |
Beta (5Y monthly) | 0.54 |
PE ratio (TTM) | 27.48 |
EPS (TTM) | 85.23 |
Earnings date | 24 May 2024 - 28 May 2024 |
Forward dividend & yield | 9.96 (0.42%) |
Ex-dividend date | 11 Aug 2023 |
1y target est | 2,470.50 |
India's Grasim Industries said on Tuesday it has raised 12.50 billion rupees ($150.57 million) through the sale of its first-ever sustainability-linked bonds, subscribed by International Finance Corp. The bonds carry a duration of 10 years and were directly placed with the IFC, the financial institution told Reuters in an email without disclosing the coupon amount. Grasim Industries did not reply to a Reuters email seeking the details on the coupon.
Grasim Industries launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years. The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, could make the company the second-largest Indian paintmaker by capacity behind market leader Asian Paints, according to analysts.
India's Aditya Birla Group-owned Grasim Industries Ltd reported a decline in net profit for the third straight quarter on Friday, as weakened demand for its textile products and falling chemicals prices weighed. The textile maker's standalone net profit plunged 91.2% to 935.1 million rupees ($11.32 million) in the fourth-quarter ended March 31, from 10.68 billion rupees a year ago. Prices of chemicals, which is Grasim's second-largest division, including caustic soda have also fallen in the quarter, leading to a nearly 4% revenue drop for the segment.