Grasim Industries stocks: Buy Grasim Industries, target price Rs 1904: Yes Securities

Yes Securities has buy call on Grasim Industries with a target price of Rs 1904. The current market price of Grasim Industries is Rs 1798.9. Yes Securities recommended to keep stop loss at Rs 1775.

Grasim Industries, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 119176.21 Crore) operating in Diversified sector.

Grasim Industries key Products/Revenue Segments include Sale of Products, Scrap, Export Incentives, Other Operating Revenue, Power, Sale of services for the year ending 31-Mar-2022.

For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 33682.49 Crore, up 6.56 % from last quarter Total Income of Rs 31609.45 Crore and up 16.18 % from last year same quarter Total Income of Rs 28991.25 Crore. Company has reported net profit after tax of Rs 2268.43 Crore in latest quarter.

Investment Rationale

Post 2 months of consolidation at top, it has resumed prevailing uptrend, signaling range breakout.

Promoter/FII Holdings
Promoters held 42.75 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.29 per cent, DIIs 14.96 per cent.

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