Grasim Inds gains on tie-up with Omikenshi

Grasim Industries gained on Friday after the company and Omikenshi today entered into an agreement to jointly develop new international markets for several functional rayon products. Under the terms of the agreement signed, Omikenshi and Grasim will develop the technology together and manage the increased production anticipated as the companies enter new markets.Shares ofthe comnpanyare trading at Rs 3,100, up Rs 63.7, or 2.10% at the Bombay Stock Exchange (BSE) on Friday at 12:30 p.m.The scrip has touched an intra-day high of Rs 3,104 and low of Rs 3,034.90. The total volume of shares traded at the BSE is 12,507.In the earlier session, the shares climbed 0.77%, or Rs 23.35, at Rs 3,036.30. Currently, the stock is trading all time 52-week high, which is above 44.91% over the 52-week low of Rs 2,139.20.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2,971.05 65.25 2.20 1 Month 3,012.95 23.35 0.77 3 Months 2,489.45 546.85 21.97 6 Months 2,768.45 267.85 9.68 1 Year 2,264.45 771.85 34.09 Note: Based on previous day closing price.