NSE: GRASIM · 23 October 2026
- Grasim Industries Ltd (GRASIM) inched lower in trading today, shedding 0.48% to settle at ₹2,880.50 compared to its previous close of ₹2,894.40. The stock moved within a relatively narrow intraday band, touching a high of ₹2,901.00 and a low of ₹2,857.80 before closing near the lower end of the range.
- Grasim Industries announced the commencement of commercial production at its new Epichlorohydrin manufacturing plant located in Vilayat, Gujarat, effective 21st October 2026. The facility has an installed production capacity of 50,000 tonnes per annum. This milestone strengthens the company's downstream chlor-alkali derivatives portfolio as part of its ongoing expansion strategy.
- Trading volume was 0.57 times the 20-day average daily volume.
Why is Grasim Industries share price falling on 23 October 2026?
Grasim Industries Ltd (GRASIM) inched lower in trading today, shedding 0.48% to settle at ₹2,880.50 compared to its previous close of ₹2,894.40. The stock moved within a relatively narrow intraday band, touching a high of ₹2,901.00 and a low of ₹2,857.80 before closing near the lower end of the range.
The broader market and sector backdrop exhibited notable weakness, creating a challenging environment for cyclical and commodity-linked heavyweights. The benchmark Nifty fell 0.90%, while the Nifty Metal sector index bore the brunt of selling pressure, plunging 2.71%. Grasim's modest decline appears relatively contained compared to sharper sectoral sell-offs, though the broader macroeconomic headwinds and cautious near-term sentiment surrounding input costs continue to weigh on the stock's recent performance.
Company-specific news flow shows ongoing developments across its manufacturing and subsidiary footprints, though no single direct catalyst has been explicitly linked to today's minor price drift. Earlier in the week, the company announced the commencement of commercial production at its Epichlorohydrin manufacturing plant in Vilayat, Gujarat, boasting an installed capacity of 50,000 tonnes per annum to bolster its chlor-alkali derivatives portfolio. Additionally, the company recently reported that its Canadian pulp manufacturing joint venture, AV Group NB Inc., is planning a temporary idling of its Nackawic facility by the end of October 2026 due to prevailing market conditions.
2.70 lakh shares traded by 23 October 2026 · 03:00 PM IST. This compares with a 20-day average daily volume of 4.71 lakh shares (0.57 times). The five-day average daily volume was 3.36 lakh shares. Separately, the NSE report for 22 October 2026 showed 85,633 shares delivered, representing 39.91% of that day’s traded volume. The same report recorded 22,229 trades.
The stock drifted lower by 0.48% in tandem with a broader market retreat and sharp weakness in sectoral indices, though trading volume remained well below its 20-day average. Recent operational updates such as the new chemical plant commissioning provide structural context but lack direct intraday causation.
Latest Company Developments
Grasim Industries announced the commencement of commercial production at its new Epichlorohydrin manufacturing plant located in Vilayat, Gujarat, effective 21st October 2026. The facility has an installed production capacity of 50,000 tonnes per annum. This milestone strengthens the company's downstream chlor-alkali derivatives portfolio as part of its ongoing expansion strategy.
Expands the company's downstream specialty chemicals capacity and enhances revenue diversification over the medium term.
The company's Canadian pulp manufacturing joint venture, AV Group NB Inc., announced plans to undertake a temporary idling of its Nackawic facility in New Brunswick around the end of October 2026. The plant accounts for approximately 190,000 tonnes per annum of dissolving-grade pulp capacity. This decision follows a careful assessment of persistent challenges in prevailing global market conditions and broader macroeconomic factors.
Reflects disciplined capacity management in response to soft global pulp markets, mitigating unviable operating margins.
Aditya Birla Renewables Limited, a subsidiary of Grasim Industries, approved the allotment of over 23.15 crore fully paid-up equity shares to Grasim on a preferential basis. The shares were issued at a face value of ₹10 with a premium of ₹15 paisa, amounting to a total consideration of ₹235 crore. This capital injection increases the subsidiary's total paid-up share capital to over ₹3,505 crore.
Demonstrates continued financial backing and capital allocation toward green energy infrastructure within the group's subsidiary network.
Commencement of commercial production of EPICHLOROHYDRIN Plant at Vilayat, Gujarat
Grasim Industries Q1 Results Today: Time, Earnings Call, Dividend, What To Watch, Share Price.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 5.50% on 30 September 2026. This compares with 6.38% on 30 June 2026, a change of -0.88 percentage points.
The filing reported 52 MF/UTI holders.
Research & Brokerage Views
Analyst Ruchit Jain highlighted Grasim as a short-term trading and investment idea based on technical setups and broader conglomerate positioning.
What to Watch Next
- Execution progress and revenue contribution from the newly commissioned Epichlorohydrin plant in Vilayat, Gujarat
- Developments regarding the scheduled temporary idling of the Nackawic pulp facility in Canada by late October 2026
- Performance trends in key subsidiaries including UltraTech Cement and Aditya Birla Capital
- Cash delivery participation and volume recovery relative to the 20-day average of 269,797 shares
Other Dated Coverage
- Grasim Industries Share Price Today: Why GRASIM Is Falling 0.42% | 22 October 2026 — 22 October 2026
- Why Grasim Shares Fell 3.26% Today Amid Heavy Volume | 1 October 2026 — 1 October 2026
- Why Grasim Shares Fell 1.23% Today: Market Context & Price Action | 30 September 2026 — 30 September 2026
More Grasim Industries news and dated analysis →
Frequently Asked Questions
What is the latest Grasim Industries company news?
Grasim Industries announced the commencement of commercial production at its new Epichlorohydrin manufacturing plant located in Vilayat, Gujarat, effective 21st October 2026. The facility has an installed production capacity of 50,000 tonnes per annum. This milestone strengthens the company's downstream chlor-alkali derivatives portfolio as part of its ongoing expansion strategy.
How strong was Grasim Industries’s trading volume?
2.70 lakh shares traded, 0.57 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:00 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.