Grasim Industries Shares Hit Record High on Strong Q4 Show

Shares of $GRASIM Industries surged 5% to an all-time high of ₹3,116.90 on May 21, emerging as the top gainer on the Nifty index. The rally came a day after the Aditya Birla Group company reported its March quarter results, which beat expectations and boosted investor sentiment. The company narrowed its standalone net loss to ₹164 crore in Q4 from ₹288 crore a year ago. Revenue significantly exceeded analysts’ estimates, while EBITDA jumped 47% to ₹659 crore, supported by improved performance in cellulosic fibres and a recovery in the textiles segment. Brokerages maintained a bullish outlook, particularly highlighting the strong traction in the paints business. The robust quarterly performance has reinforced confidence in Grasim’s diversified portfolio and operational turnaround.