Grasim Gears Down on Continued Selling Pressure

Grasim IndustriesToday, Grasim Industries is quoting at Rs 2,776, down Rs 102.7, or 3.57%, and touched an intraday high of Rs 2,845 and an intraday low of Rs 2,740.

The trading volume of the scrip is 19,597 shares. Yesterday the share ended weak at Rs 2,878.70 after losing 57.85 points.

The company's key activities are to produce and sell cement, fibre and pulp, sponge iron, textile, chemicals and other. The group works in six different zones including Cement, Fibre and Pulp, Sponge Iron, Chemicals, Textiles and Others.

The Cement segment makes and supplies grey and white cement. The Fibre and Pulp section products comprise viscose staple fibre and rayon grade pulp. The Sponge iron sector fabricates and markets sponge iron. The Chemicals sector comprises caustic soda and allied chemicals. The Textiles segment includes fabrics and yarn. The Other segment is mainly into telecom.