Meanwhile, the BSE Sensex was up 387.76 points, or 2.38%, at 17406.56.
On BSE, 33,773 shares were traded in the counter. The scrip had an average daily volume of 20,862 shares in the past one quarter.
The stock hit a high of Rs 2734 and a low of Rs 2590.05 so far during the day. The stock had a 52-week high of Rs 4074 on 29 October 2007 and a 52-week low of Rs 2335 on 11 June 2007.
The scrip had underperformed the market over the past one month till 28 April 2008, falling 2.61% compared to the Sensex`s 3.94% gain. It had also underperformed the market in the past one quarter, falling 12.27% compared to Sensex`s 5.95% fall.
The large-cap diversified firm has an equity capital of Rs 91.67 crore. Face value per share is Rs 10.
The current price of Rs 2605 discounts its Q3 December 2007 annualised EPS of Rs 241.59, by a PE multiple of 10.78.
The net profit of Grasim Industries rose 40.64% to Rs 667.37 crore on 12.10% rise in total income to Rs 2861.09 crore in Q4 March 2008 over Q4 March 2007.
The company is engaged in manufacturing and marketing cement, fibre & pulp, sponge iron, textile, chemicals and other.