Grasim Industries (OTCMKTS:GRSXY) Sets New 12-Month High – Here’s Why

Grasim Industries Ltd. (OTCMKTS:GRSXY)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $31.00 and last traded at $31.00, with a volume of 121 shares. The stock had previously closed at $31.00.

Grasim Industries Stock Performance

The firm’s fifty day simple moving average is $19.42 and its 200 day simple moving average is $19.54. The stock has a market capitalization of $21.10 billion, a P/E ratio of 34.07 and a beta of -0.21. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.82 and a current ratio of 0.95.

Grasim Industries (OTCMKTS:GRSXY) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $5.18 billion during the quarter. Grasim Industries had a net margin of 3.04% and a return on equity of 6.56%.

About Grasim Industries

Grasim Industries Limited is an Indian diversified manufacturing and services company and the flagship company of the Aditya Birla Group. Established in 1947, the company began as a textiles producer and has expanded into building materials, chemicals, financial services and branded consumer products.

Grasim is a major producer of viscose staple fibre, a cellulose-based fibre used in textiles and nonwoven products, and also manufactures specialty chemicals, including chlorine derivatives and caustic soda.