Grasim Industries share price: Buy Grasim Industries, target price Rs 1535: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on with a target price of Rs 1535. The current market price of Grasim Industries Ltd. is Rs 1478.15. Time period given by analyst is Intra Day when Grasim Industries Ltd. price can reach defined target.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 97762.43 Crore) operating in Diversified sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 24529.53 Crore, up 14.94 % from last quarter Total Income of Rs 21341.10 Crore and up 21.59 % from last year same quarter Total Income of Rs 20174.61 Crore. Company reported net profit after tax of Rs 2533.30 Crore in latest quarter.

Investment Rationale
Increased volume seen on weekly frame and surpassed its previous hurdle on daily frame


Promoter/FII Holdings
Promoters held 40.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 12.6 per cent, DIIs 20.3 per cent and public and others 26.3 per cent.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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