Buy Grasim Industries, target price Rs 2670: Motilal Oswal

Motilal Oswal has buy call on Grasim Industries with a target price of Rs 2670. The current market price of Grasim Industries is Rs 2182.15.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 143314.67 Crore) operating in Diversified sector.

Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products, Scrap, Other Operating Revenue, Export Incentives, Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 32221.97 Crore, up 5.63 % from last quarter Total Income of Rs 30505.27 Crore and up 1.94 % from last year same quarter Total Income of Rs 31609.45 Crore. Company reported net profit after tax of Rs 2604.22 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 42.75 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.52 per cent, DIIs 14.87 per cent.