Latest news with #GrasimIndustries
Business Upturn
3 days ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 3: Grasim Industries, Shriram Finance, Bajaj Auto, Mahindra & Mahindra and Dr. Reddy's Laboratories
By Aman Shukla Published on June 3, 2025, 15:39 IST The Indian stock market closed in the red on Monday, June 3, as benchmark indices declined. The BSE Sensex declined by 636.24 points (0.78%) to settle at 80,737.51, while the Nifty 50 dropped 174.10 points (0.70%) to close at 24,542.50. However, amidst the broader market weakness, several Nifty 50 stocks bucked the trend and recorded impressive gains. Grasim Industries, Shriram Finance and Bajaj Auto emerged as the top gainers on the Nifty 50 index today. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 3 Grasim Industries Closed at ₹2556.3, up by 1.3%. Shriram Finance Closed at ₹649.0, gained 1.0%. Bajaj Auto Ended the session at ₹8569.0, a rise of 0.7%. Mahindra & Mahindra Closed at ₹3044.0, registering a 0.6% increase. Dr. Reddy's Laboratories Finished at ₹1249.0, slightly up by 0.1%. Cipla Closed at ₹1471.5, also up by 0.1%. Hindalco Industries Ended the day at ₹631.5, with a minor gain of 0.1%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bajaj AutoGrasim IndustriesMahindra & MahindraNiftyShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
3 days ago
- Business
- Business Standard
Grasim Industries board approves Rs 1,000 crore fundraise via NCDs
Grasim Industries announced that its finance committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore. The company will raise funds through fully paid, unsecured, listed, rated, and redeemable rupee-denominated non-convertible debentures (NCDs), priced at Rs 100,000 each. The issuance will be carried out on a private placement basis in one or more tranches, as per the regulatory filing. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with a leadership presence across many sectors. It is a leading global producer of viscose staple fiber and viscose filament yarn and the largest chlor-alkali, advanced material, linen yarn, and fabrics producer in India. The company recently has entered the paints business and is setting up six plants across pan-India locations. The companys consolidated net profit rose 9.20% to Rs 1,495.90 crore in Q4 FY25 as against Rs 1,369.82 crore posted in Q4 FY24. Revenue from operations increased 17.33% YoY to Rs 44,267.26 crore in the fourth quarter of FY25. Shares of Grasim Industries rose 0.80% to Rs 2,544.25 on the BSE.
Business Standard
3 days ago
- Business
- Business Standard
Market extends losses; European mrkt decline
The key equity indices traded with major losses in afternoon trade as concerns over global trade tensions weighed on investor sentiment, overshadowing optimism surrounding a potential rate cut by the Reserve Bank of India. Market participants are expected to closely monitor domestic economic indicators and global trade developments. The Nifty traded below the 24,550 mark. Realty and metal shares advanced while banking stocks, IT and consumer durables stocks declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, declined 668.19 points or 0.83% to 80,680.82. The Nifty 50 index dropped 186.25 points or 0.75% to 24,530.35. In the broader market, the S&P BSE Mid-Cap index shed 0.37% and the S&P BSE Small-Cap index fell 0.09%. The market breadth was negative. On the BSE, 1,751 shares rose and 2,143 shares fell. A total of 158 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.07% to 16.97. Gainers & Losers: Shriram Finance (up 1.46%), Grasim Industries (up 1.02%), Bajaj Auto (up 0.75%), Mahindra & Mahindra (M&M) (up 0.38%) and Hindalco Industries (up 0.29%) were the major Nifty gainers. Grasim Industries added 1.02% after the company announced that its finance committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore. Adani Ports & Special Economic Zone (APSEZ) (down 2.46%), Bajaj Finserv (down 2.22%), Coal India (down 1.99%), Adani Enterprises (down 1.83%) and Apollo Hospitals Enterprise (down 1.58%) were the major Nifty losers. Stocks in Spotlight: Maruti Suzuki India declined 1.42%. The companys total production rose 1.38% to 195,882 units in May 2025 as against 193,207 units recorded in May 2024. Larsen & Toubro (L&T) fell 1.51%. The company announced that its water & effluent treatment (WET) vertical has secured significant orders from the Public Health Engineering Department of Rajasthan. The value of the contract ranges from Rs 1,000 crore to Rs 2,500 crore. MIC Electronics shed 0.85%. The company said that it has received a letter of acceptance (LoA) worth Rs 1.11 crore from the Pandit Deen Dayal Upadhyaya Division of East Central Railway. Waaree Renewable Technologies rose 0.50% after the company secured a letter of award (LoA) for the engineering, procurement, and construction (EPC) of a large-scale solar power project. The new contract is valued at approximately Rs 346.33 crore. Transrail Lighting gained 4.70% after the company announced that it has secured fresh domestic and international orders worth Rs 534 crore. Global Markets: US Dow Jones futures were down 185 points, signaling a weak start for Wall Street. European market declined as investors in Europe will be keeping a close eye on the latest inflation data from the euro zone. Most Asian stocks advanced on Tuesday, tracking overnight gains across all three major U.S. stock indices, despite ongoing global trade tensions. South Korean markets remained closed due to polling day. China responded to U.S. allegations of violating a temporary trade agreement, stating that the United States had failed to uphold its side of the deal. The exchange highlights increasing strain in trade negotiations between the two countries. Separately, the European Union criticized U.S. President Donald Trump's proposal to raise steel tariffs to 50%, arguing that the move could disrupt ongoing EU-U.S. trade discussions. An EU spokesperson reportedly indicated that the bloc is prepared to implement countermeasures if necessary. China's Caixin/S&P Global manufacturing purchasing managers index (PMI) declined to 48.3 in May from 50.4 in April, marking its first drop below the 50-point threshold, indicating contraction, since September of the previous year. In the U.S., stock indices closed higher on Monday, supported by gains in technology stocks and a surge in the energy sector following a rise in oil prices. Domestic steel and aluminum stocks also climbed on expectations of benefits from potential tariff increases. The S&P 500 rose 0.41%, the Nasdaq Composite gained 0.67%, and the Dow Jones Industrial Average edged up 0.08%.
News18
3 days ago
- Business
- News18
Stocks To Watch: ITC, HCL Tech, Biocon, Vodafone Idea, Torrent Power, And Others
Last Updated: Stocks to watch: Shares of firms like IndiGo, Tata Motors, BPCL, Vodafone Idea, BPCL, Nykaa, and others will be in focus on Tuesday's trade Stocks to watch on June 3, 2025: The markets opened the week on a choppy note, ultimately ending flat as they remained in a consolidation phase. In today's trade, shares of Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries, and others will be closely watched amid key developments. Grasim Industries Grasim Industries, the flagship of the Aditya Birla Group, is entering the bond market. The company's Finance Committee has approved issuing non-convertible debentures (NCDs) worth up to Rs 1,000 crore. These unsecured, listed, and redeemable bonds, priced at Rs 1 lakh each, will be placed privately in one or more tranches. HCL Technologies HCL Tech has announced a global partnership with UiPath, a leader in agentic automation. This collaboration aims to bring intelligent, autonomous business process automation to clients worldwide. Agentic automation enables bots to learn, make decisions, and adapt on their own, reducing human intervention across processes in finance, HR, operations, and IT. Torrent Power Torrent Power has signed a long-term LNG supply deal with BP Singapore, securing up to 0.41 million tonnes per annum (MTPA) of LNG from 2027 to 2036. This LNG will power Torrent's 2,730 MW gas-based power plants. Biocon Biocon has received Indian regulatory approval for its version of Liraglutide, the active ingredient in Novo Nordisk's diabetes drug Victoza. The injectable treatment, used for Type 2 diabetes, will be available in pre-filled pens and cartridges through Biocon's subsidiary. Ichnos Glenmark Innovation (IGI), the biotech joint venture of Glenmark Pharmaceuticals and Ichnos Sciences, reported positive results from a Phase 1 study targeting relapsed or refractory multiple myeloma, a blood cancer that affects bone marrow. NBFC UGRO Capital has finalized the terms for its rights issue, planning to raise up to Rs 400 crore by offering new shares to existing public shareholders at Rs 162 each. This follows its earlier Rs 915 crore CCD issuance. MAN Industries MAN Industries announced plans to raise up to Rs 300 crore by issuing 12.19 lakh convertible warrants to the promoter entity Man Finance and 79.26 lakh equity shares to non-promoters, all at Rs 328 each. Vodafone Idea Vodafone Idea's CEO Akshaya Moondra said the company is actively working with the government to find a resolution to the AGR issue, expressing confidence that relief measures would not be constrained. ITC Global investment firm GQG Partners has increased its stake in ITC Ltd through a bulk deal executed on May 28, reinforcing confidence in the FMCG giant. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 03, 2025, 07:53 IST
Business Upturn
6 days ago
- Business
- Business Upturn
Nifty 50 top losers this week (May 31): UltraTech Cement, Grasim Industries, ITC, Shriram Finance and more
The Indian stock market closed the week on a mixed note, marking the second consecutive weekly decline for benchmark indices. On Friday, May 30, 2025, Indian equity benchmarks ended in the red due to broad-based selling. The BSE Sensex dropped by 182.01 points (0.22%), closing at 81,451.01, while the Nifty 50 slipped 82.90 points (0.33%) to settle at 24,750.70. Several major stocks underperformed this week, with UltraTech Cement, Grasim Industries and ITC leading the losses. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Nifty 50 Top Losers This Week UltraTech Cement saw the biggest weekly drop, closing at ₹11,210.00 with a -4.6% decline. Grasim Industries fell -4.3% , ending the week at ₹2,545.80. ITC declined by -4.2% , closing at ₹418.10. Shriram Finance closed at ₹639.40, registering a -3.1% fall. NTPC also dropped -3.1% , finishing at ₹333.90. Tata Consumer Products ended the week at ₹1,106.30, down -3.0% . Power Grid Corporation declined by -2.8% , closing at ₹289.80. Apollo Hospitals Enterprises dropped -2.6% , with a closing price of ₹6,880.50. Hindalco Industries also registered a -2.6% fall, ending at ₹633.50. Asian Paints closed at ₹2,259.10, down -2.4% for the week. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
