Buy Grasim Industries, target price Rs 2670: Motilal Oswal

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 149601.24 Crore) operating in Diversified sector.

By ETMarkets.com | Feb 23, 2024, 10.37 AM IST

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.

Motilal Oswal has buy call on Grasim Industries with a target price of Rs 2670. The current market price of Grasim Industries is Rs 2183.7.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 149601.24 Crore) operating in Diversified sector.

Financials
For the quarter ended 31-12-2023, the company has 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 has 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.

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