Grasim Industries fell 3.67% to Rs 1,051 at 15:10 IST on BSE after Macquarie Bank offloaded bulk shares of the company through open market transaction yesterday, 18 July 2017.
Meanwhile, the S&P BSE Sensex was up 252.57 points or 0.8% at 31,963.56.
On the BSE, 10.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one quarter. The stock had hit a high of Rs 1,091 and a low of Rs 1,013 so far during the day. The stock had hit a record high of Rs 1,331.75 on 17 July 2017 and a 52-week low of Rs 781.80 on 21 November 2016.
The stock had outperformed the market over the past one month till 18 July 2017, advancing 16.67% compared with the Sensex's 2.11% rise. The stock had also outperformed the market over the past one quarter, gaining 22.82% as against the Sensex's 8.16% rise. The scrip had also outperformed the market over the past one year, gaining 36.33% as against the Sensex's 14.29% rise.
The large-cap company has equity capital of Rs 131.47 crore. Face value per share is Rs 2.
Macquarie Bank sold 11.25 lakh shares of Grasim Industries to Indian Opportunities Growth Fund - Pinewood Strategy at Rs 1,303 per share in a block deal on the BSE yesterday, 18 July 2017.
On consolidated basis, Grasim Industries' net profit rose 0.8% to Rs 1063.62 crore on 5.7% growth in net sales to Rs 9995.40 crore in Q4 March 2017 over Q4 March 2016.
Grasim Industries has a leadership positions in cement, viscose staple fibre and chemicals businesses.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)