New Delhi, Feb. 11 -- Grasim Industries' share price rose by nearly 3 per cent on Tuesday, February 11, despite posting weaker-than-anticipated earnings for the third quarter on Monday.

Grasim Industries' shares were up by 2.77 per cent, reaching an intraday high of Rs.2,542 per share in today's trading. However, the stock later trimmed its gains and was up 1.66 per cent at Rs.2,514.4 per share as of 11:11 AM.

Aditya Birla's flagship company reported a 41 per cent year-on-year (YoY) decline in its consolidated net profit, which stood at Rs.899 crore for the third quarter. However, the company's revenue from operations saw a 9 per cent YoY rise, reaching Rs.34,793 crore during the same period.

Profit growth was affected by higher intere...