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Grasim Industries rises on unveiling fourth plant of Birla Opus Paints in Mysore Grasim Industries is currently trading at Rs. 2513.00, up by 9.40 points or 0.38% from its previous closing of Rs. 2503.60 on the BSE. The scrip opened at Rs. 2499.95 and has touched a high and low of Rs. 2523.70 and Rs. 2480.70 respectively. So far 1948 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2875.45 on 26-Jul-2024 and a 52 week low of Rs. 1,938.81 on 24-Nov-2023. Last one week high and low of the scrip...
Grasim Industries rises on unveiling fourth plant of Birla Opus Paints in Mysore
Grasim Industries rises on unveiling fourth plant of Birla Opus Paints in Mysore
Source: Accord Fintech
2024-11-21 11:21:55 am
Hold Grasim Industries Ltd For Target Rs. 2,777 By Choice Broking Ltd Grasim Industries Ltd. reported standalone revenue of INR76,233mn for Q2FY25, marking an 18.3% YoY growth and a 10.6% QoQ increase, driven by robust performance in Financial Services, Cellulosic Staple Fibre, and Specialty Chemicals segments. However, EBITDA declined to INR3,252mn, reflecting a 45.2% YoY and remaining flat QoQ, primarily due to ongoing investments in the Paints business. The EBITDA margin contracted to 4.3%, down by 495 bps YoY and 45 bps QoQ. The company recorded a PAT of IN...
Hold Grasim Industries Ltd For Target Rs. 2,777 By Choice Broking Ltd
Hold Grasim Industries Ltd For Target Rs. 2,777 By Choice Broking Ltd
Source: Choice Broking
2024-11-17 06:19:59 pm
Buy Grasim Industries Ltd For Target Rs. 3,160 Motilal Oswal Financial Services Ltd Balancing growth and sustainability Brand launches accelerating momentum in high-growth businesses Following are GRASIM’s FY24 Annual Report key highlights: 1) the company commissioned three paint plants in FY24 and started commercial production in Apr’24. It targets to reach INR100b revenue in paints and break even within the first three years of full-scale operations; 2) B2B e-commerce business surpassed INR10b revenue in FY24 and aims to achieve an annual revenue of USD1b...
Buy Grasim Industries Ltd For Target Rs. 3,160 Motilal Oswal Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs. 3,160 Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-09 05:36:01 pm
Buy Grasim Industries Ltd For Target Rs. 3,058 By Geojit Financial Services Ltd Upswing gains momentum, outlook brightens Grasim Industries Ltd, a subsidiary of Aditya Birla Group, is a diversified company with interests in cement, textiles, retail and chemicals. It is also the world’s largest producer and exporter of viscose rayon fibre. * In Q1FY25, consolidated revenue increased 9.0% YoY to Rs. 33,861cr, aided by steady growth in the building materials, cellulosic staple fibre and financial services businesses. * EBITDA declined 4.4% YoY to Rs. 4,760cr a...
Buy Grasim Industries Ltd For Target Rs. 3,058 By Geojit Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs. 3,058 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-08-28 02:58:30 pm
Buy Grasim Industries Ltd For Target Rs.2,780 By Choice Broking Ltd Grasim Industries Ltd. reported standalone revenues of INR68,939mn for Q1FY25, reflecting a 1.9% increase QoQ and a 10.5% increase YoY, driven by strong performance across its diversified business portfolio. The Cellulosic Staple Fibre, Building Materials, and Financial Services segments particularly excelled. However, EBITDA for the quarter declined to INR3,251mn, down 38.3% QoQ and 51.7% YoY, primarily due to investments in the Paints business. The EBITDA margin for the quarter dropped to 4...
Buy Grasim Industries Ltd For Target Rs.2,780 By Choice Broking Ltd
Buy Grasim Industries Ltd For Target Rs.2,780 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-08-19 04:55:08 pm
Buy Grasim Industries Ltd For Target Rs.3,030 By Motilal Oswal Financial Services Ltd Higher losses in Paints lead to earnings miss More than 80% of the 145 planned products launched in the market * Grasim’s 1Q performance was significantly below our estimates, mainly due to higher losses (INR3b vs. INR800m/INR1b in 1Q/4QFY24) in the new business segments (Birla Opus and Birla Pivot). EBITDA was INR3.3b (-52% YoY) vs. our estimate of INR5.7b and OPM was 4.7% (-6pp YoY) vs. our estimate of 8.3%. It posted a net loss of INR521m (vs. our PAT est. of INR1b). * Mana...
Buy Grasim Industries Ltd For Target Rs.3,030 By Motilal Oswal Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs.3,030 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-08-15 04:52:46 pm
India's Grasim posts loss in Q1 as paint business drags margins India's Grasim Industries reported a first-quarter loss on Friday, as its newly-launched paint business hurt margins while it struggled to keep a lid on costs. Indian paint manufacturers are grappling with declining customer loyalty as consumers increasingly turn to more affordable options. In response, companies have been slashing prices in an effort to regain market share amid intensifying competition. Grasim's paints business, launched in February 2024 under the Birla Opus...
India's Grasim posts loss in Q1 as paint business drags margins
India's Grasim posts loss in Q1 as paint business drags margins
Source: Reuters
2024-08-09 03:40:49 pm
Buy Grasim Industries Ltd For Target Rs.2687 - Geojit Financial Services Ltd Resilient performance, outlook positive Grasim Industries Ltd, a subsidiary of Aditya Birla Group, is a diversified company with interests in cement, textiles, retail and chemicals. It is also the world’s largest producer and exporter of viscose rayon fibre. * Consolidated revenue in Q4FY24 increased 12.7% YoY to Rs. 37,727cr, aided by steady growth in the cement and financial services businesses. * EBITDA rose 27.2% YoY and margin 180bps YoY to 16.4%, aided by moderation in in...
Buy Grasim Industries Ltd For Target Rs.2687 - Geojit Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs.2687 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-06-17 11:31:18 am
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services Ambitious targets for the paint business Aims for revenue of INR100b and turning profitable in three years * Grasim Industries (GRASIM) on 22nd Feb’24 inaugurated its paint plants at three locations - Panipat (Haryana), Cheyyar (Tamil Nadu), and Ludhiana (Punjab). Construction at other three plants at Chamarajanagar (Karnataka), Mahad (Maharashtra) and Kharagpur (West Bengal) is in full swing and they will be commissioned in phases in FY25. * GRASIM has the Paint business unde...
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-25 09:18:00 am
Add Grasim Industries Ltd. For Target Rs. 2480 By Choice Broking Grasim Industries Ltd. Q3FY24 standalone revenues came at INR64,003mn, down 0.6% QoQ but up 3.3% YoY. The QoQ revenue was impacted due to sharp decline in realisations of Caustic Soda. Raw Material cost during Q3 was up 14.2% YoY at INR33,367mn vs INR30,971mn for Q2FY24. Q3FY24 EBITDA came at INR5,226mn vs INR5,937mn for Q2FY24. The decline in EBITDA was led by higher employee cost i.e. up 10.1% QoQ.  PAT for Q3FY24 fell to INR2,364mn, down 70.3% QoQ and 8.2% YoY due to lower other incom...
Add Grasim Industries Ltd. For Target Rs. 2480 By Choice Broking
Add Grasim Industries Ltd. For Target Rs. 2480 By Choice Broking
Source: Choice Broking Ltd
2024-03-27 02:02:50 pm
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years Grasim Industries launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years. The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The forecast implies it expects to recoup its investment in the form of revenue by 2027. The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, co...
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years
Source: Reuters
2024-02-22 05:14:32 pm
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services Ltd In-line performance of core segments; eyes on Paints rollout… …by the end of 4QFY24 * Grasim’s 3QFY24 EBITDA was ~10% below our estimates, primarily due to higher losses (up INR470m QoQ to INR900m) in the new businesses (Birla Pivot and Paints) and the insulator segment. EBITDA for the VSF/Chemical segments was 5%/4% above our estimates. The VSF segment posted an EBITDA/kg of INR18.7 (est. INR17.6), while the Chemical segment clocked an OPM of 13.2% (est. 12.3%) during ...
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services Ltd
Buy Grasim Industries Ltd For Target Rs.2,670 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-11 11:15:12 am
Grasim Industries soars despite reporting 42% fall in Q3 consolidated net profit Grasim Industries is currently trading at Rs. 2155.40, up by 96.75 points or 4.70% from its previous closing of Rs. 2058.65 on the BSE. The scrip opened at Rs. 2054.40 and has touched a high and low of Rs. 2166.50 and Rs. 2048.50 respectively. So far 113552 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2182.00 on 31-Jan-2024 and a 52 week low of Rs. 1521.92 on 16-Mar-2023. Last one week high and low of the scr...
Grasim Industries soars despite reporting 42% fall in Q3 consolidated net profit
Grasim Industries soars despite reporting 42% fall in Q3 consolidated net profit
Source: Accord Fintech
2024-02-09 02:52:58 pm
India`s Grasim posts smaller-than-feared Q3 profit fall as viscose business recovers Aditya Birla Group-owned Grasim Industries reported a smaller-than-expected fall in third-quarter profit on Thursday, as strong viscose business outweighed decline in its chemicals segment. The company's standalone net profit fell more than 8% from a year earlier to 2.36 billion rupees ($28.4 million) in the three months ended Dec. 31, but stayed above analysts' expectations of 2.19 billion rupees. This was Grasim's sixth consecutive quarter of a profit decline. Its standalo...
India`s Grasim posts smaller-than-feared Q3 profit fall as viscose business recovers
India`s Grasim posts smaller-than-feared Q3 profit fall as viscose business recovers
Source: Reuters
2024-02-09 10:07:10 am
Grasim to issue rights shares at Rs 1,812 apiece Aditya Birla Group flagship company Grasim Industries on Thursday announced a price of Rs 1,812 per share for its rights issue through which it plans to raise Rs 4,000 crore. The company said it will issue a total of 2,20,73,935 rights equity (RE) shares and has set January 10 as the record date to determine the eligible holders. The rights entitlement has been fixed in the ratio of six shares for every 179 fully paid-up equity share of the company held by the eligible equity shareholde...
Grasim to issue rights shares at Rs 1,812 apiece
Grasim to issue rights shares at Rs 1,812 apiece
Source: IANS
2024-01-05 10:17:08 am
Add Grasim industries Ltd Target Rs.2,100 - Choice Broking Ltd  Grasim Industries Ltd. Q2FY24 standalone revenues came at INR64,420 mn, up 3.3% QoQ but down 4.5% YoY. Raw Material cost during Q2 stood at INR33,971 mn vs INR30,977 mn for Q1FY24, up 8.9% YoY. The higher Rm Cost for the quarter had impacted the margins for the quarter. Q2FY24 EBITDA came at INR5,937 mn vs INR6,735 mn for Q1FY24, down 37.9% YoY. The EBITDA for the quarter is net of pre-operative expenses of the new businesses. PAT for Q2FY24 came at INR7,950 mn, up 123.8% QoQ but down 1...
Add Grasim industries Ltd Target Rs.2,100 - Choice Broking Ltd
Add Grasim industries Ltd Target Rs.2,100 - Choice Broking Ltd
Source: Choice Broking
2023-11-20 03:19:55 pm
India`s Aditya Birla Group-owned Grasim posts drop in Q2 profit on weak prices Aditya Birla Group-owned Grasim Industries reported a decline in profit for the fifth straight quarter on Monday, hit by weak prices in its chemicals and textiles businesses. The company's standalone net profit fell nearly 18% to 7.95 billion rupees ($95.50 million) in the three months ended Sept. 30 from a year earlier. Grasim's standalone profit does not include the results of its units including Ultratech Cement and Aditya Birla Capital. The viscose staple fibre (VSF) busi...
India`s Aditya Birla Group-owned Grasim posts drop in Q2 profit on weak prices
India`s Aditya Birla Group-owned Grasim posts drop in Q2 profit on weak prices
Source: Reuters
2023-11-14 09:18:21 am
Grasim to raise Rs 4000 crore through rights issue Aditya Birla Group company Grasim Industries on Monday said that its Board of Directors has approved a proposal to raise Rs 4,000 crore through a rights issue.The board "inter-alia approved the raising of funds by way of issue of equity shares of face value of Rs 2 each through rights issue for an amount not exceeding Rs 4,000 crore to the eligible equity shareholders of the company as on the record date (to be determined in due course), subject to receipt of regulatory/statutory approvals," ...
Grasim to raise Rs 4000 crore through rights issue
Grasim to raise Rs 4000 crore through rights issue
Source: IANS
2023-10-17 11:08:37 am
Mining stocks soar in Thursday`s trade Mining stocks soared on Thursday because of which the Nifty Metal index posted strong gains, said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio.MOIL jumped 7.9 per cent, while NMDC and Gujarat Mineral Development Corporation (GMDC) rallied 5.79 per cent and 5.30 per cent, respectively, he said.The mining of vital and important minerals, including lithium, niobium, and several rare earth elements (REEs), has been permitted by the Cabinet's approval of royalty rates on Wednesday.The go...
Mining stocks soar in Thursday`s trade
Mining stocks soar in Thursday`s trade
Source: IANS
2023-10-12 05:37:56 pm
Grasim Industries rises on planning to raise funds Grasim Industries is currently trading at Rs. 1999.00, up by 19.50 points or 0.99% from its previous closing of Rs. 1979.50 on the BSE.The scrip opened at Rs. 1994.95 and has touched a high and low of Rs. 1999.00 and Rs. 1966.25 respectively. So far 818 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,998.90 on 12-Oct-2023 and a 52 week low of Rs. 1528.00 on 16-Mar-2023.Last one week high and low of the scrip stood at Rs. 1998.9...
Grasim Industries rises on planning to raise funds
Grasim Industries rises on planning to raise funds
Source: Accord Fintech
2023-10-12 09:45:55 am
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high Maruti Suzuki and Ultratech Cement stocks hit all-time high prices on Thursday, as per BSE data.Maruti Suzuki hit an all-time high of Rs 10,575 on Thursday on the BSE, while Ultratech Cement hit an all-time high of Rs 8,703.BSE 100 stocks that hit a new 52-week high include Axis Bank at Rs 1,022, Bank of Baroda at Rs 213.15, Bharti Airtel at Rs 920, Grasim at Rs 1,953, Hindalco at Rs 508.80, Indusind Bank at Rs 1,466.90, ONGC at Rs 188.80, Tata Consumer at Rs 899, Tata Steel at Rs 134.25, and...
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high
Source: IANS
2023-09-15 10:01:59am