Grindwell Norton Ltd

Stage 3 · Topping · week 4

As of 9 Oct 2026, Grindwell Norton is in Stage 3 — topping, where an uptrend loses steam, in week 4 (since 10 Sep 2026). It closed at ₹1,991, 16.4% below its 52-week high and above its 200-day average, which is rising. In Industrials, 25.9% of stocks are in Stage 2.

Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. More about the company

₹1,990.6
-0.82% today
₹22,040 Cr · Large cap
Market Neutral — FadingIndustrials 25.9% in Stage 2-3.4 pts / 20dIndustrial Machinery 33.7%-7.9 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

Is GRINDWELL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-16.4%
₹1,353.1 lo₹2,382.3 hi
16.4% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 4
1w13w26w
Week 4 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
10.6%
200 DMA: ₹1,799.3 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.48x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
→
MA20 flat · +0.2% vs MA50 -2.5%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+3.5%
3M
-3.3%
6M
+33.3%
YTD
+24.0%
1Y
+21.9%
Sector
Industrials
↓ Peaking
Stage 2%
25.9%
20d Δ
-3.4pp
1M return
-5.0%
3M return
-3.8%
Sector Stage-2 % · last 20 days
Sector has 128 Stage 2 leaders. See Industrials Stage 2 →
Industry
Industrial Machinery
↓ Peaking
Stage 2%
33.7%
20d Δ
-7.9pp
1M return
-0.8%
3M return
-2.1%
Industry Stage-2 % · last 20 days
Industry has 33 Stage 2 leaders. See Industrial Machinery Stage 2 →
Stage Cycle Timeline2023-07-14 → 2026-10-09
S4 27w
S2 15w
2023-07-142026-10-09
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 10w → S3 12w → S2 12w → S3 1w → S4 9w → S1 2w → S2 12w → S3 11w → S4 27w → S1 11w → S4 11w → S1 5w → S4 10w → S1 5w → S4 8w → S1 1w → S2 15w → S3 4w current
Total tracked: 168 weeks across 18 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-05-25
2 appearances in last 60 days. First seen: 2024-06-05.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-09S3
Wk 4 · Vol 0.48x
2026-10-08S3
Wk 4 · Vol 3.73x
2026-10-07S3
Wk 4 · Vol 0.60x
2026-10-06S3
Wk 4 · Vol 1.17x
2026-10-05S3
Wk 4 · Vol 2.34x
2026-10-01S3
Wk 3 · Vol 0.81x
2026-09-30S3
Wk 3 · Vol 1.88x
2026-09-29S3
Wk 3 · Vol 0.58x
2026-09-28S3
Wk 3 · Vol 0.48x
2026-09-25S3
Wk 3 · Vol 0.17x
2026-09-24S3
Wk 2 · Vol 0.57x
2026-09-23S3
Wk 2 · Vol 0.41x
Sector Peers — Stage 2All →
SHIVAUM
wk 27 · -1.1% from hi
9.4
SAMBHV
wk 10 · -2.7% from hi
9.0
LOKESHMACH
wk 27 · -3.2% from hi
8.9
SPECTRUM
wk 18 · -3.5% from hi
8.9
AXISCADES
wk 3 · -9.8% from hi
8.8
Moving averages & range
50 DMA
₹2,011.7
200 DMA
₹1,799.3
52W High
₹2,382.3
52W Low
₹1,353.1
5D Low
₹1,990.6
Resistance levels (recent highs)
20d High
₹2,033.1
60d High
₹2,382.3
120d High
₹2,382.3
250d High
₹2,382.3
Next resistance
+2.1%
to 20d High
Ask the Market AI about GRINDWELLAsk →
P/E (TTM)
51.0
Forward 39.1
Earnings Growth (YoY)
+28.3%
Revenue +18.7%
ROE
+17.3%
Profit margin +13.5%
Dividend Yield
0.99%
P/B 9.3
About this companyIndustrials· Industrial Machinery

Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through Abrasives, Ceramics & Plastics, Digital Services, and Others segments. The company offers abrasives, including bonded and coated abrasives, non-woven abrasives, thin wheels, construction products, automotive aftermarket, adhesives and sealants, performance grinding products; life science solutions, such as biopharmaceutical systems, medical components, cell therapy solutions, and industrial and consumer solutions; and performance polymer solutions, including engineered components, tape solutions, and ADFORS. It also provides performance ceramics and refractories solutions comprising ceramic systems, wear resistance technology, specialty ceramic for energy, iron and steel, foundry, and non-ferrous industries; silicon carbide crude and grains, including ceramic foam filters for metallurgy, crucible, abrasive, refractory, and advanced materials applications; and design and commissioning solutions. The company serves construction and mobility industries. Grindwell Norton Limited was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited (BSE:506076) operates as a subsidiary of Compagnie de Saint-Gobain S.A.

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All analytics based on EOD data. Data as of 2026-10-09. Past data patterns are not indicative of future results. This page is a data analytics tool only.