Grasim Industries (OTCMKTS:GRSXY) Issues Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a net margin of 2.72% and a return on equity of 5.47%.Get Grasim Industries alerts:Grasim Industries Trading Up 0.6%GRSXY traded up $0.11 during midday trading on Tuesday, reaching $19.61. The business's fifty day simple moving average is $19.50 and its two-hundred day simple moving average is $19.52. The stock has a market cap of $13.35 billion, a P/E ratio of 26.15 and a beta of -0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.91 and a quick ratio of 0.77. Grasim Industries has a 1-year low of $19.61 and a 1-year high of $19.61. Grasim Industries Company Profile (Get Free Report)Grasim Industries OTCMKTS: GRSXY is a diversified Indian conglomerate and a flagship company of the Aditya Birla Group, with operations spanning textiles, specialty fibres, chemicals and financial services. Founded in 1947 and headquartered in Mumbai, Grasim has grown through strategic investments and capacity expansions to become one of the world's leading producers of viscose staple fibre. The company leverages integrated manufacturing facilities and a global distribution network to serve major apparel brands and textile mills across Asia, Europe and North America. In the textile segment, Grasim manufactures a wide range of products including viscose staple fibre, viscose filament yarn and blended fabrics.Featured StoriesFive stocks we like better than Grasim IndustriesNvidia CEO Issues Bold Tesla CallGold’s rally is big — but what comes next could be biggerWall Street Turns Bullish on USAU as Gold Hits New Record!The buying spree that no one is talking aboutHow to collect $500-$800 weekly (BlackRock's system)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grasim Industries Right Now?Before you consider Grasim Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grasim Industries wasn't on the list.While Grasim Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here