Buy Grasim Industries, target price Rs 3160: Motilal Oswal
Grasim Industries with a target price of Rs 3160. The current market price of Grasim Industries is Rs 2690.
Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 183122.43 Crore) operating in Diversified sector.
Grasim Industries Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Scrap, Export Incentives and Sale of services for the year ending 31-Mar-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 34160.77 Crore, down -10.47 % from last quarter Total Income of Rs 38154.36 Crore and up 8.93 % from last year same quarter Total Income of Rs 31360.98 Crore. Company reported net profit after tax of Rs 2235.67 Crore in latest quarter.
Promoter/FII Holdings Promoters held 43.06 per cent stake in the company as of 30-Jun-2024, while FIIs owned 13.69 per cent, DIIs 14.89 per cent.
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