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    GRASIM   INE047A01021

GRASIM INDUSTRIES LIMITED

(GRASIM)
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Delayed NSE India Stock Exchange  -  07:25 2022-06-24 am EDT
1323.25 INR   +0.55%
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Indian shares reverse early gains as IT stocks drag; Delhivery rises on debut

05/24/2022 | 02:11am EDT

BENGALURU, May 24 (Reuters) - Indian shares gave up early gains to trade lower on Tuesday, weighed down by information technology and consumer stocks, while logistics firm Delhivery surged in its market debut.

The NSE Nifty 50 index fell 0.31% to 16,165.05 by 0525 GMT and the S&P BSE Sensex slipped 0.13% to 54,219.59, also tracking weakness in broader Asia.

"Markets are in a consolidation mode after a deep correction," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors.

"Some of the overstretched valuations have normalised, so we do not expect much downside from current levels. However, inflation headwinds can play spoilsport for any market rally."

Indian shares have fallen 5% so far this month as global equities have been under pressure from the Russia-Ukraine conflict, prospects of bigger interest rate hikes to contain surging inflation, and the supply chain crisis which has been worsened by China's zero-COVID policy.

The Nifty IT and FMCG indexes were the top decliners among sub-indexes on Tuesday, falling 1.5% and 0.9% respectively.

Among individual stocks, textile-to-chemical maker Grasim Industries dropped 4.6% and was the top percentage decliner on the Nifty 50.

Shares of SoftBank Group-backed Delhivery rose as much as 11.6% in their market debut.

Zomato surged 18.5% after the food delivery firm late on Monday reported a 75% jump in quarterly revenue as new customers propelled a surge in order volumes.

Drugmaker Shilpa Medicare jumped 11.4% after the company late on Monday reported https://bit.ly/3yYDL5E a more than three-fold surge in net profit for the March quarter.

Broader Asian stock markets slipped after a rally on Wall Street was quickly soured by a slide in U.S. stock futures. (Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V and Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GRASIM INDUSTRIES LIMITED 0.55% 1323.25 Delayed Quote.-18.43%
MSCI AC PACIFIC (STRD) 1.21% 152.704 Real-time Quote.-18.73%
NIFTY 50 0.92% 15699.25 Delayed Quote.-9.54%
NIFTY IT -0.89% 27777.8 Delayed Quote.-28.22%
SENSEX BSE30 0.88% 52727.98 Real-time Quote.-9.49%
SHILPA MEDICARE LIMITED -1.58% 407.25 End-of-day quote.-24.04%
SOFTBANK GROUP CORP. 2.37% 5224 Delayed Quote.-3.86%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.43% 53.3698 Delayed Quote.-27.29%
ZOMATO LIMITED 1.37% 70.5 Delayed Quote.-48.69%
All news about GRASIM INDUSTRIES LIMITED
06/16Grasim Industries Names New CFO
MT
06/16Grasim Industries Limited Announces Change of Chief Financial Officer
CI
06/10Indian Benchmarks Close the Week in Red; Kotak Mahindra Bank Slumps 4%
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06/10Grasim Industries Raises Nearly $129 Million Via Allotment of Debentures
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06/03Indian Benchmarks Close the Week on Negative Note; Grasim Industries Slides 6%
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06/03Automakers, banks knock Indian shares off four-week highs
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05/25Grasim Industries Posts Rise in Fiscal Q4 Consolidated Net Profit
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05/25Grasim Industries Doubles Capex Plan for Paints Business to $1.3 Billion
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05/24Grasim Industries' Consolidated Net Profit Surges in Fiscal Q4
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05/24TRANSCRIPT : Grasim Industries Limited, Q4 2022 Earnings Call, May 24, 2022
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Financials
Sales 2022 197 B 2 519 M 2 519 M
Net income 2022 24 653 M 315 M 315 M
Net Debt 2022 15 415 M 197 M 197 M
P/E ratio 2022 39,5x
Yield 2022 0,46%
Capitalization 869 B 11 107 M 11 107 M
EV / Sales 2022 4,49x
EV / Sales 2023 3,54x
Nbr of Employees -
Free-Float 50,8%
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Number of Analysts 0
Last Close Price 1 323,25
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Managers and Directors
Hari Krishna Agarwal Managing Director & Director
Hutokshi R. Wadia President
Ashish Adukia Chief Financial Officer
Kumar Mangalam Birla Non-Executive Chairman
Bir Kapoor Chief Operating Officer-Pulp
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