GRM Overseas shares ended the trading session in green at ₹94, representing a gain of ₹0.60 or 0.64%, despite a widespread sell-off in the stock market. The positive movement came after the company disclosed that Mamta Garg, promoter and executive director, acquired 99,546 equity shares through open-market transactions on June 17, 2026, with each share carrying a face value of ₹2. According to the company's filing to BSE and NSE, the acquisition was disclosed on June 18 under applicable takeover disclosure rules. The promoter group of the company has purchased 4.50 lakh shares through the open market, representing 0.22% of the company's total share capital. Post this purchase, the total stake of the promoter group and their associates (PACs) has increased to 13.05 crore shares, which is 62.98% of the total stake in the company. The stock opened in the red at ₹93.30 on the BSE, down from the previous close of ₹93.40, and touched an intraday high of ₹96.50 and low of ₹92.15 during the session.
For FY26, GRM Overseas delivered robust financial results with consolidated net profit of ₹74.34 crore, reflecting 21.39% growth over the previous financial year. The company's revenue from operations increased 31.22% year-on-year to ₹1,769.20 crore in FY26, highlighting continued demand for its products across domestic and international markets. In Q4 FY26, the rice exporter and food products company reported consolidated net profit of ₹21.61 crore, registering 5.51% growth compared with ₹20.48 crore in the corresponding quarter of the previous financial year. Revenue from operations surged 104.94% year-on-year to ₹597.20 crore during the March quarter. The company operates as a leading FMCG company and the third-largest exporter of Basmati rice in the market.
Despite the positive promoter activity, GRM Overseas shares have witnessed intense selling pressure in June, plunging 42% so far and falling to their lowest level since April 2025. The sharp correction follows a sustained bull run between December 2024 and May 2026, during which the stock surged 140% and hit a fresh all-time high of ₹185 apiece. The recent selloff has left the stock trading nearly 50% below its record high, indicating a challenging phase after an extended rally. The BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 1 (ST ASM-1) framework, indicating heightened regulatory scrutiny. The stock's 14-day relative strength index (RSI) stands at 22.69, which is below the oversold threshold of 30 but above the neutral level of 70, suggesting the stock may be oversold in the short term.
According to BSE shareholding data, foreign institutional investors (FIIs) owned 3.4% of the company, while general public shareholders and domestic institutional investors (DIIs) held 26.6% and 1.8% respectively. Singularity Equity Fund I, co-founded by Madhu Kela and his family members and classified under the FII category, held a 2.91% stake in the company. The company operates in the agricultural and FMCG sectors, making it a multibagger small-cap stock in the food products space.
