Grasim Industries (OTCMKTS:GRSXY) Releases Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) issued its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, Zacks reports. Grasim Industries had a return on equity of 6.46% and a net margin of 3.24%.

Grasim Industries Stock Performance

GRSXY remained flat at $19.61 on Monday. Grasim Industries has a 52-week low of $19.61 and a 52-week high of $19.61. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 23.91 and a beta of -0.16. The stock’s fifty day moving average price is $19.61 and its 200 day moving average price is $19.61.

About Grasim Industries

Grasim Industries Limited operates in fibre, yarn, pulp, chemicals, textile, fertilizers, and insulators businesses in India and internationally. The company operates through Viscose, Chemicals, Cement, Financial Services, and Others segments. It provides viscose staple fiber, a man-made biodegradable fiber for use in apparels, home textiles, dress materials, knit wear products, and non-woven applications; wood pulp products; viscose filament yarn, a natural fibre for manufacturing fabrics such as georgettes, crepes, chiffons, and others; and textile products, such as linen and wool.