GRM Overseas jumps 26% in eight days
Shares of GRM Overseas surged 25.63% in eight trading sessions from its recent closing low of Rs 287.75 on 4 June 2025.
The stock hit a 52-week high of Rs 363.45 today. The counter has soared 112.46% from its 52-week low of Rs 170.15, hit on 14 June 2024.
On the BSE, 0.41 lakh shares have been traded so far, compared with average daily volumes of 0.38 lakh shares in the past two weeks.
The stock had outperformed the market over the past month, rising 18.93% as against the Sensex's 0.68% shed.
The scrip had outperformed the market in the past three months, jumping 32.05% as against a 10.76% rise in Sensex.
The counter had also outperformed the market in the past year, soaring 110.79% as against Sensex's 6.21% increase.
On the technical front, the stock's daily RSI (relative strength index) stood at 73.597. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 308.95, 274.08, and 249.27, respectively. These levels will act as crucial support zones in the near term.
GRM Overseas is in the business of milling, processing, and marketing branded/nonbranded basmati rice in the domestic and overseas markets.
The company's consolidated net profit declined 3.3% to Rs 20.48 crore on a 28.2% drop in net sales to Rs 291.39 crore in Q4 FY25 over Q4 FY24.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
13 minutes ago
- NDTV
NDTV Report: Can Dwarka Expressway End Delhi-Gurugram Traffic Nightmares?
New Delhi: Prime Minister Narendra Modi on Sunday inaugurated two major projects -- a key stretch of the Urban Extension Road-II and the Delhi section of Dwarka Expressway - to ease traffic congestion in the city and the National Capital Region (NCR). Here's what NDTV found during the road test of the Dwarka Expressway: The new 10.1-km section of the Dwarka Expressway, developed at Rs 5,360 crore, provides connectivity to Yashobhoomi, the Delhi Metro's Blue and Orange lines, the upcoming Bijwasan railway station, and the Dwarka cluster bus depot. This stretch comprises two sections: a 5.9-km section from the Shiv Murti intersection to the Road Under Bridge at Dwarka Sector-21, and a 4.2-km section from Dwarka Sector-21 to the Delhi-Haryana Border, which provides direct connectivity to the Urban Extension Road-II. It took 20 minutes to travel from one end of the Dwarka Expressway on the Gurugram border to the Mahipalpur region of Delhi. The newly-launched section saves commuters a lot of time on this stretch, but it is the same bottleneck once they enter the Delhi side. It took about 65 minutes from the start of the Dwarka Expressway in Gurugram to reach the All India Institute of Medical Sciences (AIIMS) in Delhi. Urban Extension Road II The other project Prime Minister Modi opened on Sunday was the Urban Extension Road II (UER 2). The six-lane expressway, which is over 75 km long, starts from NH-44 in Alipur and passes through Rohini, Mundka, Najafgarh, and Dwarka. It ends at Delhi-Gurugram Expressway on NH-48 near Mahipalpur. PM Modi has opened the Alipur-Dichaon Kalan stretch of Urban Extension Road-II with new links to Bahadurgarh and Sonipat. Built at Rs 5,580 crore, it aims at reducing the traffic on the capital's Inner and Outer Ring Roads, and choke points like Mukarba Chowk, Dhaula Kuan and NH-09.
&w=3840&q=100)
Business Standard
13 minutes ago
- Business Standard
L&T Finance rallies 3%, hits new high; more steam left in the NBFC stock?
L&T Finance share price today L&T Finance (LTF) shares hit a new high of ₹216.75 today, rising 3 per cent on the BSE in Tuesday's intraday trade amid heavy volumes. The stock price of the non-banking finance company (NBFC) surpassed its previous high of ₹214.80, which it touched on July 23, 2025. In the past two trading days, L&T Finance shares have rallied 7 per cent after S&P Global Ratings revised the NBFC's stand-alone credit rating upward by one notch due to likely improvement in its risk adjusted capital (RAC) ratios. S&P Global believes the fresh capital raising or benefits from lower risk weights due to a reduction in economic risk and the sovereign upgrade bodes well for the NBFC. In the past six months, the market price of L&T Finance has zoomed 60 per cent. S&P Global Ratings on L&T Finance S&P Global Ratings expects India's sound economic fundamentals to underpin growth momentum over the next two to three years. In addition, monetary policy settings, it said, have become increasingly conducive to managing inflationary expectations. The rating agency, therefore, upgraded India to 'BBB/Stable/A-2' from 'BBB-/Positive/A-3'. On L&T Finance, the rating agency said LTF will maintain its strengthened capital levels over the next 12-24 months. "We estimate LTF's RAC ratio will be 15 per cent-20 per cent over the next two years, benefiting from the improving economic conditions in India," it added. Notably, L&T Finance's RAC ratio was 19.7 per cent as of March 31, 2025. "The stable rating outlook reflects our expectation that L&T Finance will continue to benefit from being part of the Larsen & Toubro group. The company's linkages with the strong Larsen & Toubro brand should help solidify its market position, and access preferential funding sources while maintaining a good capital position over the next two years," S&P Ratings said in its rationale. Brokerages on L&T Fin, ratings, share price target LT Finance, according to analysts, remains assertive on reduction in credit cost and improving asset quality in the microfinance institution (MFI) space from H2FY26. The MFIN Guardrails 2.0 will help build quality portfolios in the long term, while having limited impact in the short-term. "On an operational level, the franchise is making significant structural changes wherein new credit underwriting engines have been deployed, targeting prime segments which would ultimately improve the overall quality of the portfolio, resulting in lower credit costs. The company has guided for 20 per cent near-term loan growth, which may inch up to ~25 per cent gradually. It remains committed to its target profitability metrics—while NIMs would come off, opex improvements and lower credit costs will help to offset the impact," according to Mirae Asset Sharekhan. The brokerage firm has reiterated its 'Buy' rating on the stock with a revised price target of ₹240. FY26 will be a year of transformation for L&T Finance, transitioning towards the targeted loan mix and implementing Cyclops in Tractors, personal lending, and SME segments, Motilal Oswal Financial Services said. The brokerage expects LTF to deliver a structural improvement in profitability and RoA from FY27 onwards. It, too, has reiterated a 'Buy' rating on the stock with a target price of ₹250 (based on 2x Mar'27E BVPS).
Hans India
13 minutes ago
- Hans India
BlueStone IPO Makes Dull Debut, 1.3% From Issue Price
BlueStone Jewellery shares made a weak stock market debut today, August 19. The stock listed at ₹510 on NSE, down 1.3% from the issue price of ₹517. On the BSE, it opened at a 1.6% discount. The IPO had raised ₹1,540.65 crore, consisting of ₹820 crore from fresh issue (1.59 crore shares) and ₹720.65 crore from offer for sale (1.39 crore shares). By the close of bidding (August 13), the IPO was subscribed 2.72 times. Price band: ₹517 per share Lot size: 29 shares (₹14,268 minimum retail investment) Allotment date: August 14 Lead manager: Axis Capital Registrar: Kfin Technologies
