Home / Business and Economy / Promoter Boosts GRM Overseas Stake Amidst Market Volatility
Promoter Boosts GRM Overseas Stake Amidst Market Volatility
19 Jun
Summary
- Promoter Atul Garg acquired an additional 0.05% stake in GRM Overseas.
- GRM Overseas reported 31.22% revenue growth for FY26.
- The stock is trading nearly 50% below its record high.
GRM Overseas saw its shares rise to ₹93 following a promoter's stake increase. Atul Garg, a promoter group member, acquired an additional 0.05% stake through open-market transactions on June 17, 2026. Promoters collectively hold 62.5% of the company's shares.
For the fiscal year ending March 2026 (FY26), GRM Overseas demonstrated strong financial performance. Revenue from operations grew by 31.22% year-on-year, totaling ₹1,769.20 crore. The consolidated net profit for FY26 was ₹74.34 crore, a 21.39% increase over the previous year.
Despite this growth, the stock has faced significant selling pressure in June 2026, trading down 42% for the month. This correction follows a substantial rally where the stock surged 140% between December 2025 and May 2026, reaching an all-time high of ₹185. Currently, it trades nearly 50% below this peak.
