Synopsis
Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 117049.93 Crore) operating in Diversified sector.
iStockYes Securities has buy call on Grasim Industries with a target price of Rs 1870. The current market price of Grasim Industries Ltd. is Rs 1778. 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 117049.93 Crore) operating in Diversified sector.
Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products, Other Operating Revenue, Scrap, Export Incentives, Power, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 22817.58 Crore, up 13.02 % from last quarter Total Income of Rs 20189.29 Crore and up 22.67 % from last year same quarter Total Income of Rs 18600.72 Crore. Company reported net profit after tax of Rs 1921.00 Crore in latest quarter.
Investment Rationale
After losing 14% from the record high, bulls outstripped bears near 100-Day EMA. Swift recovery thereafter could mean the resumption of an uptrend in the stock.
Promoter/FII Holdings
Promoters held 42.54 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.81 per cent, DIIs 14.71 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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SynopsisGrasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 117049.93 Crore) operating in Diversified sector.iStockPromoters held 42.54 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.81 per cent, DIIs 14.71 per cent.Yes Securities has buy call on Grasim Industries with a target price of Rs 1870. The current market price of Grasim Industries Ltd. is Rs 1778. 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 117049.93 Crore) operating in Diversified sector. Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products, Other Operating Revenue, Scrap, Export Incentives, Power, Sale of services for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 22817.58 Crore, up 13.02 % from last quarter Total Income of Rs 20189.29 Crore and up 22.67 % from last year same quarter Total Income of Rs 18600.72 Crore. Company reported net profit after tax of Rs 1921.00 Crore in latest quarter. Investment RationaleAfter losing 14% from the record high, bulls outstripped bears near 100-Day EMA. Swift recovery thereafter could mean the resumption of an uptrend in the stock. Promoter/FII Holdings Promoters held 42.54 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.81 per cent, DIIs 14.71 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 3 mins read4 mins read7 mins read4 mins read4 mins read4 mins read3 mins read4 mins read