Grasim Industries (OTCMKTS:GRSXY – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Grasim Industries had a return on equity of 6.56% and a net margin of 3.04%.
Grasim Industries Stock Performance
Shares of OTCMKTS:GRSXY remained flat at $31.00 on Friday. The company’s fifty day simple moving average is $26.56 and its two-hundred day simple moving average is $21.32. Grasim Industries has a one year low of $19.61 and a one year high of $31.00. The stock has a market capitalization of $21.10 billion, a PE ratio of 34.07 and a beta of -0.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.82 and a current ratio of 0.95.
About Grasim Industries
Grasim Industries is an India-based diversified company and a flagship business of the Aditya Birla Group. Founded in 1947 as a textile manufacturer, it has expanded into several industrial and consumer-facing businesses. The company is a major producer of cellulosic fibers, including viscose staple fiber, and manufactures chemicals such as caustic soda and chlorine. Its broader portfolio includes building materials through its association with UltraTech Cement, paints under the Birla Opus brand, and financial services through Aditya Birla Capital.
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