Buy Grasim Industries, target price Rs 2840: Motilal Oswal

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.

By ETMarkets.com | Updated: May 24, 2024, 09.22 AM IST

Promoters held 43.06 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.7 per cent, DIIs 14.96 per cent.

Motilal Oswal has buy call on Grasim Industries with a target price of Rs 2840. The current market price of Grasim Industries Ltd. is Rs 2442.9.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 166993.39 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 31-03-2024, the company reported a Consolidated Total Income of Rs 38154.36 Crore, up 18.41 % from last quarter Total Income of Rs 32221.97 Crore and up 13.28 % from last year same quarter Total Income of Rs 33682.49 Crore. Company reported net profit after tax of Rs 2627.88 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 43.06 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.7 per cent, DIIs 14.96 per cent.

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