India's Grasim falls; customs office conducts search at Ujjain facility

Grasim Industries

15/09/2026 07:20

** Grasim Industries GRAS.NS shares fall 2.6% to 3,196.7 rupees, hitting their lowest level in a month
** Says customs office conducted search at co's Ujjain facility
** The enquiry was primarily relating to import-export transactions
     ** Expects no material impact on financials, and says operations of the Company will continue as usual
** GRAS trades at forward 12 month PE of 72.19 vs industry median of 19.24 - data compiled by LSEG 
** All of 9 brokerages covering the stock rate it "buy" or higher; their median PT is 3,880 rupees
** YTD, stock up 13.1%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))