Grasim Industries share price: Buy Grasim Industries, target price Rs 1670: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Grasim Industries Ltd. with a target price of Rs 1670.

The current market price of Grasim Industries Ltd. is Rs 1604.45.

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 105154.26 Crore) operating in Diversified sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 20189.29 Crore, down -17.69 % from last quarter Total Income of Rs 24529.53 Crore and up 44.23 % from last year same quarter Total Income of Rs 13997.90 Crore. Company reported net profit after tax of Rs 2311.26 Crore in latest quarter.


Investment Rationale
Trending upwards on daily frame and set to surpass its previous hurdles on weekly 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.

(Disclaimer: 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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