Grasim Industries, an Aditya Birla Group Company, witnessed a fall in share price on Monday after it announced that due to water shortage caused by deficient rain last year (less than half of normal), the company has started reducing production of staple fibre at its plant located at Nagda (Madhya Pradesh) in a phased manner.

Shares of the company are trading at Rs 3,611.15, down Rs 55, or 1.50% at the Bombay Stock Exchange (BSE) on Monday at 11:58 a.m.

The scrip has touched an intra-day high of Rs 3,674.70 and low of Rs 3,590. The total volume of shares traded at the BSE is 936.