India's Grasim Industries hits record high after quarterly loss narrows

Grasim Industries

21/05/2026 05:23

** Shares of India's Grasim Industries GRAS.NS rise as much as 3.98% to record high of 3098.3 rupees; last up 3.6%

** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y

** Jefferies ("buy", PT 2938 rupees) says co's earnings beat their estimates due to strong performance in viscose staple fibre (VSF) and lower losses in new business

** JPMorgan ("overweight", PT 3460 rupees) flags 19% q/q headline rev growth in paints, stronger than their expectations

** Stock on avg rated "buy" by 9 analysts; median PT is 3525 rupees - LSEG data

** Stock up 8.6% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))