−13% from the high · +18% from the low
Short build-up into a 26-day expiry: futures OI +0.8% on a −3.3% day, the most call OI sits at 3,000, the most put OI at 3,000, max pain 3,000.
GRASIM futures closed at ₹2,979.90, +0.6% to spot, with 99% of open interest in the 27 Oct contract, and the 2,960 straddle prices a move of about ±4.3% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹2,979.90 | +17.90+0.6% | +8.5% | 29,000▲ +0.7% · +210 lots | 99 | 5,900 |
| 23 Nov53 days | ₹2,991.20 | +29.20+1.0% | +6.8% | 130▲ +10.0% · +12 lots | 0.45 | 57 |
| 29 Dec89 days | ₹3,011.80 | +49.80+1.7% | +6.9% | 26▲ +36.8% · +7.0 lots | 0.09 | 10 |
0.54% of futures OI sits beyond the 27 Oct contract · 49 of 89 listed contracts traded · 26,000 option contracts changed hands
The 2,960 straddle closed at ₹127.45 (call 72.75 + put 54.70), pricing a move of about ±4.3% by the 27 Oct expiry. In the last 253 windows of 19 sessions, GRASIM moved more than that 98 times.
After the last 8 bulletins, GRASIM closed higher five sessions later in 5 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 16 AugSensex and Nifty rise as RBI holds repo rate steady | ▲ +0.1%Nifty −0.3% · +0.4 pp | ▲ +0.9%Nifty −0.9% · +1.8 pp | ▲ +1.2%Nifty −0.6% · +1.8 pp | ▲ +0.5%long build-up |
| 15 AugSensex and Nifty close higher after RBI holds rates steady | ▲ +0.1%Nifty −0.3% · +0.4 pp | ▲ +0.9%Nifty −0.9% · +1.8 pp | ▲ +1.2%Nifty −0.6% · +1.8 pp | ▲ +0.5%long build-up |
| 21 JulGrasim invests ₹74,000 crore in capital expenditure | ▼ −0.4%Nifty −0.8% · +0.4 pp | ▼ −2.1%Nifty −1.3% · −0.8 pp | ▼ −2.1%Nifty +0.3% · −2.4 pp | ▲ +0.1%short build-up |
| 21 JulGrasim invests ₹74,000 crore in capital expenditure over five years | ▲ +1.1%Nifty −0.2% · +1.4 pp | ▲ +0.7%Nifty −1.0% · +1.7 pp | ▼ −0.9%Nifty −1.0% · +0.2 pp | ▼ −1.6%short covering |
| 14 JulGrasim Industries to acquire Sprng Energy for $1.8 billion | ▼ −0.9%Nifty +0.1% · −1.0 pp | ▼ −1.3%Nifty +0.1% · −1.4 pp | ▲ +1.7%Nifty −0.2% · +1.9 pp | ▼ −0.1%long unwinding |
| 14 JulGrasim Industries acquires Sprng Energy for $1.8 billion | ▼ −1.0%Nifty −0.7% · −0.3 pp | ▼ −1.9%Nifty −0.6% · −1.3 pp | ▲ +1.1%Nifty −0.1% · +1.2 pp | ▼ −3.5%long unwinding |
| 21 MayGrasim surges 4% on strong Q4 earnings and dividend boost | 0.0%Nifty +0.3% · −0.2 pp | ▲ +0.5%Nifty +1.6% · −1.1 pp | ▼ −1.6%Nifty −1.1% · −0.5 pp | ▼ −0.9%short covering |
| 21 MayGrasim reports record revenue and EBITDA growth in FY26 | ▲ +6.2%Nifty 0.0% · +6.2 pp | ▲ +6.2%Nifty +0.3% · +6.0 pp | ▲ +5.1%Nifty −0.5% · +5.6 pp | ▲ +1.6%long build-up |
Revenue ₹48,716 cr, +21% on a year earlier; profit ₹3,846 cr, +39% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 12 Aug | ₹48,716 cr | ▲ +21% | ₹3,846 cr | ▲ +39% | 31.60 | ▼ −0.4%Nifty −0.1% · −0.3 pp |
| Mar 2026filed 20 May · audited | ₹51,101 cr | ▲ +15% | ₹3,802 cr | ▲ +28% | 28.84 | ▲ +6.2%Nifty 0.0% · +6.2 pp |
| Dec 2025filed 10 Feb | ₹44,312 cr | ▲ +27% | ₹2,233 cr | ▲ +21% | 15.26 | ▼ −0.7%Nifty +0.1% · −0.8 pp |
| Sept 2025filed 5 Nov | ₹39,900 cr | ▲ +19% | ₹1,498 cr | ▲ +36% | 8.15 | ▼ −6.3%Nifty −0.3% · −6.0 pp |
| Jun 2025filed 8 Aug | ₹40,118 cr | ▲ +18% | ₹2,767 cr | ▲ +22% | 20.88 | ▲ +2.5%Nifty +0.9% · +1.6 pp |
| Mar 2025filed 22 May · audited | ₹44,267 cr | ▲ +17% | ₹2,973 cr | ▲ +9.2% | 22.19 | ▼ −0.6%Nifty +1.0% · −1.6 pp |
| Dec 2024filed 10 Feb | ₹34,793 cr | ▲ +8.8% | ₹1,844 cr | ▼ −29% | 13.38 | ▲ +0.7%Nifty −1.3% · +2.1 pp |
| Sept 2024filed 14 Nov | ₹33,563 cr | ▲ +11% | ₹1,100 cr | ▼ −46% | 5.84 | ▼ −0.3%Nifty −0.3% · +0.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹1,75,431 cr | ▲ +20% | ₹10,300 cr | ▲ +26% | 73.13 |
| FY25to Mar 2025 | ₹1,46,484 cr | ▲ +12% | ₹8,185 cr | ▼ −18% | 59.54 |
| FY24to Mar 2024 | ₹1,30,978 cr | — | ₹9,926 cr | — | 85.40 |
GRASIM trades at 35 times trailing earnings against 34 for its industry, 1.2 times book value, revenue +20% over twelve months, a 0.68% dividend yield, market cap ₹2,00,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement Limited | 3,20,000 cron 1 Oct | 37consolidated | 3.9 | ₹10,710.00 |
| GRASIMGrasim Industries Limited | 2,00,000 cron 1 Oct | 35consolidated | 1.2 | ₹2,962.00 |
| AMBUJACEMAmbuja Cements Limited | 90,000 cron 1 Oct | 21consolidated | 1.3 | ₹362.25 |
| SHREECEMSHREE CEMENT LIMITED | 79,000 cron 1 Oct | 48consolidated | 3.4 | ₹21,900.00 |
| JKCEMENTJK Cement Limited | 38,000 cron 1 Oct | — | 5.4 | ₹4,952.00 |
| DALBHARATDalmia Bharat Limited | 32,000 cron 1 Oct | — | 1.7 | ₹1,682.10 |
| ACCACC Limited | 22,000 cron 1 Oct | — | 1.1 | ₹1,182.80 |
| RAMCOCEMThe Ramco Cements Limited | 20,000 cron 1 Oct | — | 2.4 | ₹830.85 |
| JSWCEMENTJSW Cement Limited | 15,000 cron 1 Oct | — | 2.3 | ₹111.60 |
| NUVOCONuvoco Vistas Corporation Limited | 12,000 cron 1 Oct | — | 1.1 | ₹322.10 |
| INDIACEMThe India Cements Limited | 9,100 cron 1 Oct | — | 0.90 | ₹295.15 |
| STARCEMENTStar Cement Limited | 7,400 cron 1 Oct | — | 2.3 | ₹178.40 |
| BIRLACORPNBirla Corporation Limited | 6,400 cron 1 Oct | — | 0.87 | ₹828.95 |
| JKLAKSHMIJK Lakshmi Cement Limited | 5,900 cron 1 Oct | — | 1.5 | ₹476.60 |
| PRSMJOHNSNPrism Johnson Limited | 5,200 cron 1 Oct | — | 2.8 | ₹103.60 |
| HEIDELBERGHeidelbergCement India Limited | 3,000 cron 1 Oct | — | 2.2 | ₹130.55 |
| MANGLMCEMMangalam Cement Limited | 2,700 cron 1 Oct | — | 2.8 | ₹984.65 |
| ORIENTCEMOrient Cement Limited | 2,400 cron 1 Oct | — | 1.1 | ₹115.90 |
| KCPKCP Limited | 2,000 cron 1 Oct | — | 0.88 | ₹154.15 |
| SAGCEMSagar Cements Limited | 2,000 cron 1 Oct | — | 1.1 | ₹150.00 |
| SHREDIGCEMShree Digvijay Cement Co.Ltd | 990 cron 1 Oct | — | 2.7 | ₹66.70 |
| VISAKAINDVisaka Industries Limited | 790 cron 25 Sept | — | 0.95 | ₹91.00 |
| NCLINDNCL Industries Limited | 770 cron 1 Oct | — | 0.82 | ₹170.05 |
| DECCANCEDeccan Cements Limited | 770 cron 1 Oct | — | 1.0 | ₹548.95 |
| SAURASHCEMSaurashtra Cement Limited | 590 cron 1 Oct | — | 0.62 | ₹53.35 |
| BIGBLOCBigbloc Construction Limited | 550 cron 1 Oct | — | 3.8 | ₹38.80 |
| SHIVACEMShiva Cement Limited | 390 cron 1 Oct | — | — | ₹13.35 |
| ACLAndhra Cements Limited | 360 cron 1 Oct | — | 4.5 | ₹39.35 |
| APCLAnjani Portland Cement Limited | 280 cron 1 Oct | — | 0.63 | ₹94.75 |
| BVCLBarak Valley Cements Limited | 92 cron 1 Oct | — | 0.73 | ₹41.40 |
| KAKATCEMKakatiya Cement Sugar & Industries Limited | 80 cron 1 Oct | — | 0.44 | ₹103.10 |
| BURNPURBurnpur Cement Limited | — | — | — | — |
Promoters hold 43.7%, foreign portfolio investors 14.6%, mutual funds 6.4% and insurance companies 6.8%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 43.740.00 pp | 43.74▲ +0.52 pp | 43.22▲ +0.11 pp | 43.110.00 pp | 43.11 |
| Foreign portfolio investors | 14.63▼ −0.28 pp | 14.91▲ +0.42 pp | 14.49▲ +0.12 pp | 14.37▲ +0.58 pp | 13.79 |
| Mutual funds | 6.38▼ −0.15 pp | 6.53▼ −0.10 pp | 6.63▼ −0.02 pp | 6.65▼ −0.41 pp | 7.06 |
| Insurance companies | 6.78▼ −0.06 pp | 6.84▼ −0.72 pp | 7.56▼ −0.07 pp | 7.63▼ −0.79 pp | 8.42 |
| Banks and financial institutions | 2.97▲ +0.06 pp | 2.91▲ +0.11 pp | 2.80▼ −0.19 pp | 2.99▲ +0.56 pp | 2.43 |
| Individual investors | 11.18▼ −0.13 pp | 11.31▲ +0.04 pp | 11.27▼ −0.08 pp | 11.35▲ +0.03 pp | 11.32 |
| Bodies corporate | 8.37▲ +0.29 pp | 8.08▼ −0.06 pp | 8.14▼ −0.05 pp | 8.19▼ −0.04 pp | 8.23 |
| Other foreign holders | 2.53▲ +0.25 pp | 2.28▼ −0.02 pp | 2.30▲ +0.11 pp | 2.19▲ +0.04 pp | 2.15 |
| Others | 3.42▲ +0.02 pp | 3.40▼ −0.19 pp | 3.59▲ +0.07 pp | 3.52▲ +0.03 pp | 3.49 |
Nothing upcoming on record; the last was a dividend of ₹10.00 a share, ex-date 7 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 7 Aug 2026 | dividend | ₹10.00 | 7 Aug 2026 | BSE |
| 12 Aug 2025 | dividend | ₹10.00 | 12 Aug 2025 | BSE |
| 6 Aug 2024 | dividend | ₹10.00 | — | BSE |
| 10 Jan 2024 | rights | — | 10 Jan 2024 | BSE |
GRASIM is −10.1% over 20 sessions against Nifty's −6.2%, 13% below its 52-week high, realised volatility 22% annualised.
| Window | From ₹ | GRASIM % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹2,746.92 | ▲ +7.8% | ▼ −9.1% | +17 |
| 120 sessionssince 9 Apr | ₹2,740.56 | ▲ +8.1% | ▼ −5.7% | +14 |
| 60 sessionssince 8 Jul | ₹3,134.72 | ▼ −5.5% | ▼ −6.1% | +0.60 |
| 20 sessionssince 2 Sept | ₹3,294.77 | ▼ −10% | ▼ −6.2% | −3.9 |
| 5 sessionssince 24 Sept | ₹3,166.56 | ▼ −6.5% | ▼ −2.8% | −3.7 |
| 1 sessionsince 30 Sept | ₹3,061.82 | ▼ −3.3% | ▼ −0.88% | −2.4 |
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