Add Grasim Industries, target price Rs 1933: ICICI Securities

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 126698.80 Crore) operating in Diversified sector.

By ETMarkets.com | Updated: Sep 25, 2023, 11.39 AM IST

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.

ICICI Securities has add call on Grasim Industries with a target price of Rs 1933. The current market price of Grasim Industries Ltd. is Rs 1928.95.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 126698.80 Crore) operating in Diversified sector.

Grasim Industries Ltd. 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.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 31360.98 Crore, down -6.89 % from last quarter Total Income of Rs 33682.49 Crore and up 11.17 % from last year same quarter Total Income of Rs 28209.61 Crore. Company reported net profit after tax of Rs 2576.08 Crore in latest quarter.

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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