Gravita India Extends Losses, Drops Over 5% Amid Weak Momentum

shares extended their decline on Friday (13 Mar 2026), falling 5.53% to ₹1,420, down ₹83.2 from the previous close. The stock also touched ₹1,412.3 during the session, near to hte 52-week low and reflecting continued weakness in recent trading sessions. Despite the price pressure, the company recently announced a key strategic development. Gravita India has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries for ₹559.08 crore. The recycling major expects the transaction to be completed by March 31, 2026. Founded in 1992 and headquartered in Jaipur, Gravita India is among the country’s leading lead recycling and manufacturing companies, focusing on environmentally responsible processes. From a technical perspective, the zone of ₹1,380–₹1,300 is being watched as an important support range. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.