Grasim Industries shares in focus as board approve raising up to Rs 2,000 crore via NCDs
Grasim Industries shares will remain in focus on Thursday after the company approved the issuance of non-convertible debentures worth up to Rs 2,000 crore in one or more tranches, according to an exchange filing.
The flagship company of the Aditya Birla Group will issue the NCDs on a private placement basis. The decision was made by the firm's finance committee of the board of directors in a meeting on Wednesday, it said.
Also Read: Axis Bank, Maruti Suzuki among JM Financial's top 12 bottom-up stock picks for 2025
On Wednesday, Grasim shares closed at Rs 2,670.4, up 0.55% on the BSE, while the benchmark Sensex ended flat. The stock has surged 26% so far in 2024 and 50% over the past two years, with the company’s market capitalization now at Rs 1,81,742 crore.
In Q2 FY25, Grasim Industries, the flagship company of Aditya Birla Group, reported a 66% fall in its consolidated net profit at Rs 390 crore, compared with Rs 1,164 crore in the last year quarter. Its revenue from operations, meanwhile, rose 11% YoY to Rs 33,563 crore in the reporting period.
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
By — Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor
Stock Trading
Mastering Options
