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

Shares of Grasim Industries Ltd. (OTCMKTS:GRSXY) hit a new 52-week high on Thursday. The stock traded as high as $31.00 and last traded at $31.00, with a volume of 121 shares traded. The stock had previously closed at $31.00.

Grasim Industries Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $19.42 and a two-hundred day moving average of $19.54. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of 34.07 and a beta of -0.21.

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

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.