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Grasim Industries gains on aiming to become second largest player in paints sector Grasim Industries is currently trading at Rs. 1795.70, up by 10.15 points or 0.57% from its previous closing of Rs. 1785.55 on the BSE. The scrip opened at Rs. 1797.95 and has touched a high and low of Rs. 1799.70 and Rs. 1779.90 respectively. So far 5578 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1867.00 on 08-Aug-2023 and a 52 week low of Rs. 1528.00 on 16-Mar-2023. Last one week high and low of the scrip...
Grasim Industries gains on aiming to become second largest player in paints sector
Grasim Industries gains on aiming to become second largest player in paints sector
Source: Accord Fintech
29/08/2023 12:33:29 PM
Buy Grasim Industries Ltd For Target Rs. 2,100 - Motilal Oswal Financial VSF’s capacity utilization at 91% in 1QFY24 * Grasim reported an EBITDA of INR6.7b (vs. est. INR5.2b) and OPM of 10.8% (vs. est. 8.2%) in 1QFY24. The beat was driven by VSF segment that posted an EBITDA/kg of INR19.9 (vs. est. INR13.8/kg) and Chemical segment that clocked an OPM of 16.7% (vs. est. 13.5%). Profit was at INR3.6b (vs. est. INR1.6b). * Management believes that margins in both the key business segments, VSF and Chemical, have almost bottomed out. Lower input costs aide...
Buy Grasim Industries Ltd For Target Rs. 2,100 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs. 2,100 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services
17/08/2023 12:04:01 PM
Grasim Industries consolidated Q1 net lower at Rs 1,576.47 crore  Aditya Birla group’s Grasim Industries Ltd closed the first quarter with a higher consolidated revenue and a lower net profit. In a regulatory filing, the company said for the quarter ended June 30, 2023, it had earned operational revenue of Rs 31,065.19 crore (against Q1FY23's Rs 28,041.54 crore) and an after tax profit of Rs 1,576.47 crore (Rs.1,933.39 crore). On a standalone basis the company’s operational revenue for the period under review stood at Rs 6,327.5 ...
Grasim Industries consolidated Q1 net lower at Rs 1,576.47 crore
Grasim Industries consolidated Q1 net lower at Rs 1,576.47 crore
Source: IANS
10/08/2023 5:41:44 PM
Roto Pumps soars on bagging order worth Rs 3.63 crore Roto Pumps is currently trading at Rs. 333.75, up by 9.20 points or 2.83% from its previous closing of Rs. 324.55 on the BSE. The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 333.90 and Rs. 326.20 respectively. So far 972 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 408.58 on 16-Jun-2023 and a 52 week low of Rs. 200.00 on 25-Oct-2022. Last one week high and low of the scrip stood at Rs. 34...
Roto Pumps soars on bagging order worth Rs 3.63 crore
Roto Pumps soars on bagging order worth Rs 3.63 crore
Source: Accord Fintech
28/07/2023 10:24:58 AM
Stock of the day : Buy Grasim Industries Ltd For Target Rs. 1,910 - Religare Broking Ltd Grasim Industries Ltd * Grasim has registered a breakout from consolidation range with noticeable volumes after one and a half years. * Formed the base while holding above the support zone of short term moving average i.e. 20 EMA on the weekly chart. * Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone.   Buy Grasim Industries Ltd CMP 1819.45; Range 18...
Stock of the day : Buy Grasim Industries Ltd For Target Rs. 1,910 - Religare Broking Ltd
Stock of the day : Buy Grasim Industries Ltd For Target Rs. 1,910 - Religare Broking Ltd
Source: Religare Broking Ltd
21/07/2023 10:46:18 AM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
Grasim Industries trades higher as its unit unveils latest innovation `Birla SaFR` Grasim Industries is currently trading at Rs. 1753.55, up by 17.05 points or 0.98% from its previous closing of Rs. 1736.50 on the BSE. The scrip opened at Rs. 1745.00 and has touched a high and low of Rs. 1757.15 and Rs. 1737.05 respectively. So far 4777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1839.30 on 07-Dec-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022. Last one week high and low of the scrip...
Grasim Industries trades higher as its unit unveils latest innovation `Birla SaFR`
Grasim Industries trades higher as its unit unveils latest innovation `Birla SaFR`
Source: accourd fintech
14/06/2023 12:23:03 PM
Buy Grasim Industries Ltd For Target Rs. 1,933 - Geojit Financial Services Ltd Sequential improvement; outlook positive Grasim Industries Ltd, a flagship company of Aditya Birla Group, is a diversified company with interests in cement, textiles, retail and chemicals. * Consolidated revenue increased 16.1% YoY (+16.8% QoQ) to Rs. 33,462cr in Q4FY23 on account of robust revenue growth in financial services and cement businesses in Q4FY23. * The company’s EBITDA grew 4.9% YoY to Rs. 4,873cr in Q4FY23, led by good performance from Ultratech and Aditya Birla C...
Buy Grasim Industries Ltd For Target Rs. 1,933 - Geojit Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs. 1,933 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
1/06/2023 4:00:52 PM
Buy Grasim Industries Ltd For Target Rs. 1,940 - Motilal Oswal Financial VSF’s capacity utilization increased to 93% in 4Q v/s 74% in 3Q * Grasim’s 4Q result significantly missed our estimates due to weak operating performances of the VSF and Chemical segments. EBITDA stood at INR4.3b v/s estimated INR7b and OPM stood at 6.4% v/s estimated 11.5%. Adjusted PAT (for tax adjustments) stood at INR935m (est. INR3.2b). * Capacity utilization of VSF improved to ~93% v/s 74% in 3QFY23 and is expected to remain at 90%+ going forward; however, profitabilit...
Buy Grasim Industries Ltd For Target Rs. 1,940 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs. 1,940 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
1/06/2023 2:52:39 PM
India`s Grasim Industries Q4 profit plunges 91% on weak demand, chemical prices India's Aditya Birla Group-owned Grasim Industries Ltd reported a decline in net profit for the third straight quarter on Friday, as weakened demand for its textile products and falling chemicals prices weighed. The textile maker's standalone net profit plunged 91.2% to 935.1 million rupees ($11.32 million) in the fourth-quarter ended March 31, from 10.68 billion rupees a year ago. Prices of chemicals, which is Grasim's second-largest division, including caustic soda have al...
India`s Grasim Industries Q4 profit plunges 91% on weak demand, chemical prices
India`s Grasim Industries Q4 profit plunges 91% on weak demand, chemical prices
Source: Reuters
26/05/2023 3:42:29 PM
DGTR initiates probe to review need to continue anti-dumping duty on flax yarn imported from China The commerce ministry's investigation arm the Directorate General of Trade Remedies (DGTR) has initiated a probe to review the need to continue the anti-dumping duty on flax yarn imported from China, following complaints from the domestic industry. Grasim Industries and Sintex Industries have filed an application before the Directorate General of Trade Remedies for initiation of the sunset review of the anti-dumping duty imposed on imports of 'flax yarn of below 70 lea count' expo...
DGTR initiates probe to review need to continue anti-dumping duty on flax yarn imported from China
DGTR initiates probe to review need to continue anti-dumping duty on flax yarn imported from China
Source: Accord Fintech
10/04/2023 11:43:27 AM
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct  ITC Ltd Buy ITC Ltd CMP 386.40; Initiation Range 384.50-385.50; Target 389.80; Stop Loss 389.80   Grasim Industries Ltd Grasim Industries Ltd @ 1649-1652 CMP 1659.25 Stop Loss 1638.80Target 1673.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00018363...
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct
Source: ICICI Direct
6/04/2023 10:22:24 AM
Tech Stars : Buy Grasim Industries Limited For Target Rs.1685- Religare Broking Grasim Industries Limited (GRASIM) TECHNICAL RATIONALE We’re seeing noticeable resilience in cement space and Grasim is trading in sync with the move. The recent price action indicates possibility of reversal. And, it looks set to surpass the moving averages hurdle too. We thus recommend accumulating fresh in the mentioned range. Buy Grasim Industries Limited CMP 1630.95; Initiation Range 1620-1631; Stop Loss 1585; Target 1685 Zee Entertainment Enterprises Limited (...
Tech Stars : Buy Grasim Industries Limited For Target Rs.1685- Religare Broking
Tech Stars : Buy Grasim Industries Limited For Target Rs.1685- Religare Broking
Source: Religare Broking Ltd
28/03/2023 11:35:34 AM
Buy Grasim Industries Ltd For Target Rs.2,000 - ICICI Securities Grasim Industries’ (Grasim) Q3FY23 standalone EBITDA at Rs4.8bn (down 48% YoY) was significantly below our / consensus estimates. VSF business reported negative segmental EBITDA owing to elevated input costs (e.g. pulp, caustic soda, fuel, etc.) and pricing pressures. Chemical division margin also declined from 23% to ~20% QoQ led by ~6% QoQ drop in ECU realisations coupled with soft demand. Capex on the upcoming paint business is on track with the management aiming for commercial lau...
Buy Grasim Industries Ltd For Target Rs.2,000 - ICICI Securities
Buy Grasim Industries Ltd For Target Rs.2,000 - ICICI Securities
Source: ICICI Securities
24/03/2023 2:48:36 PM
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct Grasim Ltd  Buy Grasim Ltd @ 1598-1602 CMP 1606.20 Stop Loss 1586.40 Target 1623.00    United Spirits Ltd Buy United Spirits Ltd @ 766.5-768 CMP 770.05 Stop Loss 760.70 Target 779.70       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration...
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct
Source: ICICI Direct Ltd
22/03/2023 10:42:49 AM
Stock Picks : Grasim Ltd and Indian Dabur India Ltd By ICICI Direct Grasim Ltd Buy Grasim Ltd @ 1584-1587 CMP 1592.00 Stop Loss 1573.70 Target 1604.00   Dabur India Ltd  Buy Dabur India Ltd @ 536-537 CMP  537.10 Stop Loss 532.80 Target 543.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001836...
Stock Picks : Grasim Ltd and Indian Dabur India Ltd By ICICI Direct
Stock Picks : Grasim Ltd and Indian Dabur India Ltd By ICICI Direct
Source: ICICI Direct Ltd
21/03/2023 10:12:19 AM
Grasim Industries gains on reporting 68% rise in Q3 consolidated net profit Grasim Industries is currently trading at Rs. 1616.60, up by 11.50 points or 0.72% from its previous closing of Rs. 1605.10 on the BSE. The scrip opened at Rs. 1607.95 and has touched a high and low of Rs. 1628.15 and Rs. 1605.45 respectively. So far 1142 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1839.30 on 07-Dec-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022. Last one week high and low of the scrip...
Grasim Industries gains on reporting 68% rise in Q3 consolidated net profit
Grasim Industries gains on reporting 68% rise in Q3 consolidated net profit
Source: Accord Fintech
15/02/2023 9:46:03 AM
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore: The consolidated profit of Adani Enterprises in the quarter ending December (Q3FY23) was Rs 820 crore improving from a loss of Rs 11.63 crore a year ago. Revenue from operations for the flagship firm of the Adani Group increased 42 per cent to Rs 26,612.23 crore. The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22. It was, however, lower than the net profit of Rs 46...
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities
Source: ARETE Securities Ltd
15/02/2023 9:29:06 AM
Stock of the day : Sell Feb Futs Grasim Industries Ltd For Target Rs. 1590 - Religare Broking Grasim Industries Ltd * Most cement counters have been trading in a corrective phase and Grasim is trading in sync with the trend. * The recent pullback is offering a fresh shorting opportunity as it failed to hold above the resistance zone of long term MA i.e. 200 EMA. * The chart pattern also indicates the prevailing negative tone to continue. * We thus recommend creating fresh shorts in the mentioned range.   Technical Chart : Daily Sell Feb Futs Ltd CMP: 162...
Stock of the day : Sell Feb Futs Grasim Industries Ltd For Target Rs. 1590 - Religare Broking
Stock of the day : Sell Feb Futs Grasim Industries Ltd For Target Rs. 1590 - Religare Broking
Source: Religare Broking Ltd
14/02/2023 11:55:38 AM
Grasim Industries gains on incorporating wholly-owned subsidiary Grasim Industries is currently trading at Rs. 1698.80, up by 5.10 points or 0.30% from its previous closing of Rs. 1693.70 on the BSE. The scrip opened at Rs. 1685.05 and has touched a high and low of Rs. 1707.00 and Rs. 1676.75 respectively. So far 6314 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022. Last one week high and low of the scrip ...
Grasim Industries gains on incorporating wholly-owned subsidiary
Grasim Industries gains on incorporating wholly-owned subsidiary
Source: Accord Fintech
5/01/2023 3:45:02 PM
Tech Stars: Buy Grasim Industries Ltd For Target Rs. 2020 - Religare Broking TECHNICAL RATIONALE We’re seeing noticeable traction in the cement space and Grasim is among the top performer. After the breakout from the triangle pattern, it has taken a breather around the upper band and looks set for a surge again. We advise creating fresh longs in the given range. Buy Grasim Industries Ltd CMP: 1815.30, Initiation Range: 1810-1820, Stop Loss: 1700, Target: 2020   To Read Complete Report & Disclaimer ...
Tech Stars: Buy Grasim Industries Ltd For Target Rs. 2020 - Religare Broking
Tech Stars: Buy Grasim Industries Ltd For Target Rs. 2020 - Religare Broking
Source: Religare Broking Ltd
13/12/2022 11:30:52 AM
Stock Picks - Asian Paints Ltd And Grasim Ltd By ICICI Direct Asian Paints Ltd Buy Asian Paints Ltd @ 3157-3163 CMP 3161.70 Stop Loss 3132.70 Target 3184/3209.00   Grasim Ltd Buy Grasim Ltd @ 1814-1820 CMP 1826.05 Stop Loss 1799.30 Target 1830.80/1846.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   A...
Stock Picks - Asian Paints Ltd And Grasim Ltd By ICICI Direct
Stock Picks - Asian Paints Ltd And Grasim Ltd By ICICI Direct
Source: ICICI Direct Ltd
7/12/2022 1:10:41 PM
Buy Grasim Industries Ltd For Target Rs.2,000 - Motilal Oswal Financial Margin under pressure; near-term outlook cautious Challenges continue for VSF; OPM in the Chemical segment fell 7pp QoQ * GRASIM faced margin pressures in key business segments (VSF and Chemical). EBITDA grew 19% YoY to INR9.6b (est. INR11.4b). OPM fell 2pp YoY to 14% (est. 15.7%). Adjusted profit grew 9% YoY to INR10.3b (est. INR11.5b). * The management said that demand for VSF remains under pressure globally, which, in turn, has led to rising imports from China and Indonesia. As th...
Buy Grasim Industries Ltd For Target Rs.2,000 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs.2,000 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
30/11/2022 3:15:03 PM
Stock Picks - Tata Motors And Grasim Industries By ICICI Direct Tata Motors Buy Tata Motors @428-431CMP 425.35 Stop Loss 424.90 Target 433.80/438.2 Grasim Industries  Buy Grasim Industries @1773-1779 CMP 1765.10 Stop Loss 1759.70 Target 1793/1809 To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website k...
Stock Picks - Tata Motors And Grasim Industries By ICICI Direct
Stock Picks - Tata Motors And Grasim Industries By ICICI Direct
Source: ICICI Direct
7/11/2022 11:13:34 AM
Buy Grasim Industries Ltd For Target Rs. 1,880 - Motilal Oswal Financial Core business performance improves. Diversified portfolio offers long-term growth opportunities GRASIM’s FY22 Annual Report highlights integration across the value-chain and diversification into new businesses. The key strategic elements are: 1) capacity expansion to cater to the growing demand across businesses; 2) increase in percentage of chlorine integration to 40% by FY25; 3) improving share of renewable energy (RE) in the overall power mix; 4) setting up zero liquid discharge (...
Buy Grasim Industries Ltd For Target Rs. 1,880 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs. 1,880 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services
31/08/2022 8:59:37 AM
Grasim Industries rises on planning to invest Rs 3,117 crore in existing businesses in FY23 Grasim Industries is currently trading at Rs. 1688.40, up by 24.05 points or 1.45% from its previous closing of Rs. 1664.35 on the BSE. The scrip opened at Rs. 1664.35 and has touched a high and low of Rs. 1691.00 and Rs. 1664.35 respectively. So far 6023 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022. Last one week high and low of the scrip...
Grasim Industries rises on planning to invest Rs 3,117 crore in existing businesses in FY23
Grasim Industries rises on planning to invest Rs 3,117 crore in existing businesses in FY23
Source: Accord Fintech
30/08/2022 11:15:05 AM
Buy Grasim Industries Ltd For Target Rs.1,880 - Motilal Oswal Financial Chemical segment leads to better-than-estimated quarter Highest-ever quarterly EBITDA; focuses on paint business execution * Grasim’s 1QFY23 result was above our estimate with EBITDA at INR13.2b (v/s estimated INR11.7b) and OPM at 18% (v/s estimated 17%). Chemical segment’s OPM stood at 29.5% (up 9pp QoQ) v/s estimated 24%. VSF segment’s OPM was at 11.6% (up 5pp QoQ) v/s estimated 13.8%. Profit stood at INR8.1b (v/s estimated INR6.7b) in 1QFY23. * Recent decline in ...
Buy Grasim Industries Ltd For Target Rs.1,880 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs.1,880 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
15/08/2022 10:22:04 AM
Grasim Industries shines on reporting 13% rise in Q1 consolidated net profit Grasim Industries is currently trading at Rs. 1633.00, up by 33.15 points or 2.07% from its previous closing of Rs. 1599.85 on the BSE. The scrip opened at Rs. 1617.95 and has touched a high and low of Rs. 1653.75 and Rs. 1591.00 respectively. So far 54259 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022. Last one week high and low of the scri...
Grasim Industries shines on reporting 13% rise in Q1 consolidated net profit
Grasim Industries shines on reporting 13% rise in Q1 consolidated net profit
Source: Accord Fintech
12/08/2022 3:17:32 PM
Buy Grasim Industries Ltd For Target Rs.1,715 - Motilal Oswal Financial Forays into B2B e-commerce for Building Products To invest INR20b over the next five years and launch in six-to-12 months * GRASIM plans to foray into B2B e-commerce in the Building Materials segment. This will entail an investment of INR20b over the next five years. The commercial launch of this platform is expected in six-to-12 months. * This business is expected to turn EBITDA positive at the end of the investment period and achieve cash breakeven in seven years. All OPEX and...
Buy Grasim Industries Ltd For Target Rs.1,715 - Motilal Oswal Financial
Buy Grasim Industries Ltd For Target Rs.1,715 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
29/07/2022 12:57:47 PM
Buy Grasim Industries Ltd For Target Rs.1,390 - Religare Broking Derivative Ideas GRASIM gained 1.71% and closed at 1331.7 on 15th June. The stock after being in corrective bias of late is now trying to stabilize near its support at 1290-1300 levels.On hourly charts, the stock has given a descending triangle breakout at 1315. Holding 1290, we anticipate a good move on the upside and thus suggest initiating Longs as per the recommended levels. Strategy:- BUY GRASIM @ 1315-1320, STOPLOSS 1287, TARGET 1390.   To Read Complete Report & Dis...
Buy Grasim Industries Ltd For Target Rs.1,390 - Religare Broking
Buy Grasim Industries Ltd For Target Rs.1,390 - Religare Broking
Source: Religare Broking Ltd
16/06/2022 9:24:05 AM
Grasim Industries gains on raising Rs 1,000 crore via NCDs Grasim Industries is currently trading at Rs. 1313.65, up by 4.35 points or 0.33% from its previous closing of Rs. 1309.30 on the BSE. The scrip opened at Rs. 1297.00 and has touched a high and low of Rs. 1325.00 and Rs. 1286.80 respectively. So far 31627 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1297.85 on 07-Jun-2022. Last one week high and low of the scrip...
Grasim Industries gains on raising Rs 1,000 crore via NCDs
Grasim Industries gains on raising Rs 1,000 crore via NCDs
Source: Accord Fintech
10/06/2022 2:24:28 PM
Buy Grasim Industries Ltd For Target Rs.1,875 - Motilal Oswal Weak quarter; capex in Paints to be 2x of the earlier plan VSF segment’s performance below our estimate; Chemical in line * Grasim’s 4QFY22 result was significantly below our estimates with EBITDA at INR7.5b (v/s estimated INR9.1b) and OPM at 11.8% (v/s estimated 14.2%). VSF segment’s OPM stood at 6.7% (down 5pp QoQ) v/s estimated 10.5%. Chemical segment’s margin, at 20.1%, was in line with our estimate of 20.5%. Adjusted Profit stood at INR3.5b (v/s estimated IN...
Buy Grasim Industries Ltd For Target Rs.1,875 - Motilal Oswal
Buy Grasim Industries Ltd For Target Rs.1,875 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/05/2022 11:06:20 AM
Grasim Industries shines on reporting 56% rise in Q4 consolidated net profit Grasim Industries is currently trading at Rs. 1440.00, up by 37.35 points or 2.66% from its previous closing of Rs. 1402.65 on the BSE. The scrip opened at Rs. 1405.00 and has touched a high and low of Rs. 1444.00 and Rs. 1357.60 respectively. So far 35184 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1354.00 on 25-May-2021. Last one week high and low of the scri...
Grasim Industries shines on reporting 56% rise in Q4 consolidated net profit
Grasim Industries shines on reporting 56% rise in Q4 consolidated net profit
Source: Accord Fintech
25/05/2022 10:24:03 AM
Grasim Industries rises on getting nod to raise Rs 1,000 crore via NCDs Grasim Industries is currently trading at Rs. 1491.50, up by 16.50 points or 1.12% from its previous closing of Rs. 1475.00 on the BSE. The scrip opened at Rs. 1475.00 and has touched a high and low of Rs. 1491.50 and Rs. 1453.45 respectively. So far 3091 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-2022 and a 52 week low of Rs. 1350.85 on 24-May-2021. Last one week high and low of the scrip...
Grasim Industries rises on getting nod to raise Rs 1,000 crore via NCDs
Grasim Industries rises on getting nod to raise Rs 1,000 crore via NCDs
Source: Accord Fintech
16/05/2022 10:27:36 AM
Buy Grasim Industries Ltd For Target Rs.2,043 - Edelweiss Financial Services Good going; acceleration ahead Grasim Industries’ (Grasim) Q3FY22 EBITDA at INR9.2bn (up 43% YoY and 15% QoQ) stood in line with our estimate. We retain our earnings estimates given: i) completion of capacity expansion in VSF. ii) Expected recovery in global VSF prices tracking the rising cotton prices. iii) Capex for chemicals being largely on track. iv) Firm caustic prices. Grasim’s Environment Clearance for two of its plants, identified to foray into the paint business, a...
Buy Grasim Industries Ltd For Target Rs.2,043 - Edelweiss Financial Services
Buy Grasim Industries Ltd For Target Rs.2,043 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
17/02/2022 12:00:37 PM
Buy Grasim Industries Ltd For Target Rs.2,110 - Motilal Oswal VSF segment disappoints; Chemical performs better Lower margin in the VSF segment led to lower-than-estimated profit * Grasim’ 3QFY22 performance was below our estimate, led by a significant decline in profitability of the VSF segment. EBITDA stood at INR9.2b, 5% below our estimate, while profit at INR4.9b was 15% below our estimate led by higher depreciation and tax rate. The VSF segment posted a disappointing performance, with an OPM decline of 10.5pp YoY (6.8pp below our e...
Buy Grasim Industries Ltd For Target Rs.2,110 - Motilal Oswal
Buy Grasim Industries Ltd For Target Rs.2,110 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/02/2022 10:28:16 AM
Stock of the week - Grasim Industries Ltd For Target Rs.2050 By GEPL Capital Grasim Industries Ltd Observation * Grasim on long term charts is moving with a higher highs and higher lows formation suggesting the long term bullish trend of the stock is intact. * In the recent correction, Grasim corrected nearly 16% and took support at 61.8% Fibonacci retracement level (1430- 1893 retracement level) after which the stock has bounced sharply from the supports. * On weekly charts stock is continuously bouncing from the 20 week SMA support. * Current wee...
Stock of the week - Grasim Industries Ltd For Target Rs.2050 By GEPL Capital
Stock of the week - Grasim Industries Ltd For Target Rs.2050 By GEPL Capital
Source: GEPL Capital
10/01/2022 11:12:06 AM
Buy Grasim Ltd For Target Rs.2,050 - Motilal Oswal Improving core business, Paints should shine Capacity expansion in VSF/Caustic soda and foray into Paints should underpin growth   * Grasim Industries (Grasim) should benefit from the changes in cotton industry dynamics. VSF demand growth should outpace cotton until FY25E. Further, the US ban on cotton imports from Xinjaing region may trigger a shift to substitute products. * Focus on backward integration in the Chemical segment should improve chlorine usage as Grasim plans t...
Buy Grasim Ltd For Target Rs.2,050 - Motilal Oswal
Buy Grasim Ltd For Target Rs.2,050 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/01/2022 10:22:13 AM
Grasim Industries surges on commissioning projects at Rehla, Balabhadrapuram Grasim Industries is currently trading at Rs. 1629.50, up by 26.55 points or 1.66% from its previous closing of Rs. 1602.95 on the BSE. The scrip opened at Rs. 1629.00 and has touched a high and low of Rs. 1639.00 and Rs. 1614.10 respectively. So far 22797 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1893.15 on 11-Nov-2021 and a 52 week low of Rs. 897.00 on 28-Dec-2020. Last one week high and low of the scrip...
Grasim Industries surges on commissioning projects at Rehla, Balabhadrapuram
Grasim Industries surges on commissioning projects at Rehla, Balabhadrapuram
Source: Accord Fintech
28/12/2021 11:46:33 AM
Sigachi Industries rises on getting LoI from Grasim Industries Sigachi Industries is currently trading at Rs. 399.05, up by 1.40 points or 0.35% from its previous closing of Rs. 397.65 on the BSE. The scrip opened at Rs. 397.00 and has touched a high and low of Rs. 406.70 and Rs. 396.90 respectively. So far 63676 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 648.00 on 17-Nov-2021 and a 52 week low of Rs. 361.00 on 20-Dec-2021. Last one week high and low of the scrip stoo...
Sigachi Industries rises on getting LoI from Grasim Industries
Sigachi Industries rises on getting LoI from Grasim Industries
Source: Accord Fintech
27/12/2021 2:59:07 PM
Neutral Grasim Industries Ltd For Target Rs.2,035 - Motilal Oswal Strong demand outlook, margin should improve in 2HFY22 Beat in VSF business cushions margin miss in the Chemicals business * Grasim' 2QFY22 operating profit was 7% below our estimate due to lower profits in the Chemical segment (OPM down 4.9pp QoQ v/s our estimate of a 1.3pp improvement). In the VSF Segment, Volume/EBITDA was 10%/16% above our estimate. The management said the impact of price hikes will be felt in 2HFY22 and margin should improve in the Chemical segment. * W...
Neutral Grasim Industries Ltd For Target Rs.2,035 - Motilal Oswal
Neutral Grasim Industries Ltd For Target Rs.2,035 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/12/2021 9:49:16 AM
Stock Picks - Chambal Fertilisers & Chemicals Ltd and Grasim Industries Ltd By ICICI Direct Chambal Fertiliser Buy Chambal Fertilisers and Chemicals Ltd @ 378.50-379.50 CMP 380.15 TGT 386.50 SL 375.20   Grasim Industries Ltd Sell Grasim Industries Ltd @ 1745.00-1750.00 CMP 1747.90 TGT 1733.00 SL 1763.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all p...
Stock Picks - Chambal Fertilisers & Chemicals Ltd and Grasim Industries Ltd By ICICI Direct
Stock Picks - Chambal Fertilisers & Chemicals Ltd and Grasim Industries Ltd By ICICI Direct
Source: ICICI Direct
25/11/2021 11:48:08 AM
Buy Grasim Industries Ltd For Target Rs.2,161 - Edelweiss Financial Services Margins dip QoQ; recovery imminent Grasim Industries (Grasim) posted a ~340bps QpQ drop in Q2FY22 EBITDA margin (300bps below estimate) owing to a rise in input costs. However, factoring in the recent price hikes (in both VSF and chemicals), margins are set to improve in ensuing quarters. Assuming improved prices as well as benefits of capacity expansion, we are revising up FY22E/FY23E EBITDA by 9%/7%. Given improved outlook for subsidiary UltraTech Cement and Grasim’s focus on pu...
Buy Grasim Industries Ltd For Target Rs.2,161 - Edelweiss Financial Services
Buy Grasim Industries Ltd For Target Rs.2,161 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
20/11/2021 10:04:34 AM
Add Grasim Industries Ltd For Target Rs.1,610 - ICICI Securities Expansions to drive volume growth Grasim Industries’ (Grasim) Q1FY22 standalone EBITDA at Rs7.4bn was above our / consensus estimates led by improved profitability across both VSF and chemicals. VSF EBITDA improved to Rs40/kg from Rs37/kg as realisation improved 9% QoQ, while chemical EBITDA margin improved to 19% from 12% QoQ as ECU realisation improved 12% QoQ. The company will be augmenting VSF capacity by 38% to 801ktpa and chemicals capacity by 33% to 1,530ktpa by H2FY22, provid...
Add Grasim Industries Ltd For Target Rs.1,610 - ICICI Securities
Add Grasim Industries Ltd For Target Rs.1,610 - ICICI Securities
Source: ICICI Securities
15/10/2021 10:28:24 AM
Grasim Industries soars on executing supplemental share subscription, power purchase agreement Grasim Industries is currently trading at Rs. 1716.20, up by 39.75 points or 2.37% from its previous closing of Rs. 1676.45 on the BSE. The scrip opened at Rs. 1689.75 and has touched a high and low of Rs. 1720.70 and Rs. 1680.90 respectively. So far 12779 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,720.70 on 14-Oct-2021 and a 52 week low of Rs. 733.75 on 14-Oct-2020. Last one week high and low of the scri...
Grasim Industries soars on executing supplemental share subscription, power purchase agreement
Grasim Industries soars on executing supplemental share subscription, power purchase agreement
Source: Accord Fintech
14/10/2021 10:36:09 AM
Neutral Grasim Industries Ltd : Higher VSF exports cushion weak domestic demand - Motilal Oswal Neutral Grasim Industries Ltd For Target Rs.1,590 Higher VSF exports cushion weak domestic demand Margin surprises positively * GRASIM’s 1QFY22 result surprised positively on EBITDA margin, which came in at 19.7% (est. 17.2%), driven by sustained cost reduction and better realization in the Chemicals business. EBITDA stood at INR7.4b v/s a loss of INR2.3b in 1QFY21. * We raise our FY22E/FY23E standalone EBITDA by 18%/6% to factor in an improved demand outlook and better marg...
Neutral Grasim Industries Ltd : Higher VSF exports cushion weak domestic demand - Motilal Oswal
Neutral Grasim Industries Ltd : Higher VSF exports cushion weak domestic demand - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/10/2021 10:56:58 AM
Stock Picks - Grasim Industries Ltd and Mahindra & Mahindra Financial Services Ltd By ICICI Direct Grasim Buy Grasim Industries Ltd @ 1555.00-1560.00 CMP 1563.05 TGT 1586.00 SL 1542.90   M&M Financial Sell Mahindra & Mahindra Financial Services Ltd @ 156.50-157.50 CMP 157.05 TGT  155.60 SL 158.50   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all pa...
Stock Picks - Grasim Industries Ltd and Mahindra & Mahindra Financial Services Ltd By ICICI Direct
Stock Picks - Grasim Industries Ltd and Mahindra & Mahindra Financial Services Ltd By ICICI Direct
Source: ICICI Direct
20/07/2021 10:50:29 AM
Add Grasim Industries Ltd For Target Rs. 1460 - ICICI Securities Better VSF outlook Grasim Industries’ (Grasim) Q4FY21 standalone EBITDA at Rs8.1bn (up 2.5x YoY) was broadly in-line with our / consensus estimates led by sharp improvement in VSF profitability. VSF EBITDA improved to Rs37/kg from Rs27/kg QoQ as realisation improved from Rs120/kg to Rs144/kg QoQ. However, the spread between VSF and pulp is expected to normalise with increasing pulp prices and some softness in VSF prices. Factoring better VSF profitability, we raise our FY22-23E EBITD...
Add Grasim Industries Ltd For Target Rs. 1460 - ICICI Securities
Add Grasim Industries Ltd For Target Rs. 1460 - ICICI Securities
Source: ICICI Securities
23/06/2021 9:21:48 AM