The Group acquired both GBTL (formerly Grasim Bhiwani Textiles Limited) and OCM in 2017. OCM was established in 1924, GBTL in 1964. Rajendra Agarwal, managing director of Donear Group Companies, talks at length about his company and its wide portfolio of brands.
Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.
Shares of Grasim Industries rallied 4.06% in two trading sessions from a recent closing low of Rs 1,338.90 on Friday, 5 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 75.892. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 1134.20 and its 200-day moving average (DMA) placed at 822.10.
Grasim Industries posted 103% jump in consolidated net profit to Rs 1,384 crore on 13% rise in revenue from operations to Rs 20,986 crore in Q3 FY21 over Q3 FY20.
Read more about Grasim Ind rises over 4% in two sessions on Business Standard. Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.