Grasim: Strong Earnings Back a Firming Technical Trend

continues to benefit from its diversified business portfolio across cement, paints, financial services, chemicals and cellulosic fibres. The latest numbers remain encouraging, with Q1 FY27 revenue at around ₹48,716 crore, up 21% YoY, while operating profit and profit before tax grew 27% and 35% respectively. The company’s FY26 performance was also strong, with consolidated revenue reaching ₹1.75 lakh crore and EBITDA rising 29% YoY to ₹25,872 crore. I see the combination of improving profitability, scale in building materials and the long-term growth potential of Birla Opus and Birla Pivot as important positives for the fundamental story. From a technical perspective, Grasim has moved into a strong uptrend after breaking out of its earlier consolidation. The stock recently pushed towards ₹3,400 before witnessing some profit-taking, but the broader structure remains constructive. Both the 20-day and 50-day moving averages are rising, currently around ₹3,214 and ₹3,170 respectively, and the price is comfortably above both. I would consider ₹3,200–3,215 as the first important support zone, followed by ₹3,170–3,175 near the 50-DMA. On the upside, ₹3,400 is the immediate resistance and a sustained breakout above this level can trigger another leg higher. My bias remains positive as long as Grasim holds above the ₹3,170 zone, with declines towards the moving averages offering a better risk-reward opportunity than chasing the stock near short-term highs.