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ManufacturingPre-market

Grasim shares fall 6.5% after paints unit CEO resignation

pre-market1 source ↓written by the desknot a recommendation

on 6 Nov
6.5%
three-month low
₹2,965

Shares of Grasim Industries dropped 6.5% on 6 Nov 2023, reaching a three-month low of ₹2,965. This decline followed the resignation of Rakshit Hargave, CEO of its paints division, Birla Opus. Global brokerage Jefferies noted this unexpected exit as a negative surprise, impacting investor sentiment despite the division's market share gains. 📉

• CEO resignation weighs on sentiment

• Paint segment faces tough competition

• Market share gains continue amid slowdown

Investor caution may persist in the near term.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 Nov 2025, 07:17 IST.

Sourcesnews.google.com

The market after the news

GRASIM closed +0.9% on the day of the news, from ₹2,700.10 to ₹2,724.60; Nifty −0.1% over the same session; futures OI −0.1%.

Bulletin at 07:17 IST on 7 Nov 2025. Every change is measured from ₹2,700.10, the last close before it, on 6 Nov. Nifty 50 is measured over the same sessions.

  • GRASIM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
GRASIM closes around the bulletin against the close before the news, with Nifty 50 rebased to it247527132950axis spans 19%before the news · 6 Nov2700Nifty 50GRASIMbulletinD0+1+3+530 Oct12 Nov21 NovFutures open interest, lotspeak 66,000Reference close ₹2,700.10. 16 sessions from 30 Oct to 21 Nov; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before6 Nov₹2,700.10basebase
On the day7 Nov₹2,724.60▲ +0.9%▼ −0.1%+1.0 pp difference
+1 session10 Nov₹2,762.90▲ +2.3%▲ +0.3%+2.1 pp difference
+3 sessions12 Nov₹2,767.40▲ +2.5%▲ +1.4%+1.1 pp difference
+5 sessions14 Nov₹2,783.40▲ +3.1%▲ +1.6%+1.5 pp difference
Gap at the open, % · ₹
0.0%0.00 on 7 Nov
Day's range, % · ₹
2.3%≈ 62 high to low
Volume on the day
2.06×the 20-session average
Futures OI on the day
▼ −0.1%−42 lots · short covering · price +0.9%
Futures OI open, lots
66,0007 Nov · 25 Nov expiry
Futures premium, ₹
+11.90+0.4% to spot
Puts per call, by OI
0.42from 0.38 the session before
Max pain
2,800from 2,800 the session before

Source NSE UDiFF bhavcopy · GRASIM on the desk →

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