Grasim Industries Ltd

The company to pay dividend of Rs 10 a share

Grasim Industries raises funds through three rupee term loan agreements

Nifty 50 closed 0.24% higher at 16,985, while BSE Sensex rose 0.22% to 57,653

Indigo paints is also unfazed by the prospect of competition from the entry of Grasim Industries into the paints business

Grasim will hurt the industry’s Ebitda margin by 1.50 per cent if it achieves to gain market share of 20 per cent

Akzo Nobel India has been registering a steady improvement in market share due to sustained efforts in distribution expansion and new product launches

Grasim Industries’ revenue from operations increased 17% to ₹28,638 crore

The market will be awaiting key inflation data from the US and India for clues on the rate hike trajectory of central banks

The board believes that Grasim Industries will benefit from their new-age insights and business acumen

Here is what the charts say about the shares of Grasim Industries, IndusInd Bank and National Aluminium Company

Capital expenditure would largely be for fresh capacity creation and modernisation of existing plants

The company plans to invest ₹3,542 crore in paints business this fiscal