Grasim Industries trades higher as its unit unveils latest innovation `Birla SaFR`
Grasim Industries is currently trading at Rs. 1753.55, up by 17.05 points or 0.98% from its previous closing of Rs. 1736.50 on the BSE.
The scrip opened at Rs. 1745.00 and has touched a high and low of Rs. 1757.15 and Rs. 1737.05 respectively. So far 4777 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1839.30 on 07-Dec-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1776.95 and Rs. 1708.90 respectively. The current market cap of the company is Rs. 115215.75 crore.
The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.27% and 24.10% respectively.
Birla Cellulose, a unit of Grasim Industries and part of the Aditya Birla Group, has unveiled its latest innovation, Birla SaFR, at ITMA 2023, Milan, Italy. This groundbreaking product marks a significant milestone in Birla Cellulose's strategic vision to offer products for the technical textile industry. Birla SaFR, is a phosphate based inherently flame-retardant sustainable cellulosic fibres, ideal for making flame retardant fabrics with its exceptional performance and eco-friendly characteristics.
Crafted with utmost precision, Birla SaFR results from meticulous research and development efforts combined with a deep understanding of industry demands. This remarkable achievement showcases Birla Cellulose's commitment to fostering innovation and delivering products that revolutionize the textile landscape.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.