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Buy Grasim Industries, target Rs 950: Kunal Bothra

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Independent analyst Kunal Bothra has a buy call on Grasim Industries Ltd.

with a target price of Rs 950.

The current market price of Grasim Industries Ltd.

is Rs 918.9 Time period given by the analyst is Intra Day when Grasim Industries Ltd.

price can reach the defined target.

Kunal Bothra recommended to keep stoploss at Rs 900 Grasim Industries Ltd., incorporated in 1947, has a market cap of Rs 60427.69 crore. Grasim Industries Ltd.

key Products/Revenue Segments include Sale of Products which contributed Rs 15829.96 Crore to Sales Value (98.72 % of Total Sales), Export Incentives which contributed Rs 60.29 Crore to Sales Value (0.37 % of Total Sales), Scrap which contributed Rs 51.56 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue which contributed Rs 48.90 Crore to Sales Value (0.30 % of Total Sales), Power which contributed Rs 22.29 Crore to Sales Value (0.13 % of Total Sales), Sale of services which contributed Rs 18.38 Crore to Sales Value (0.11 % of Total Sales) and Rent which contributed Rs 3.33 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 20965.25 Crore, up 13.83 % from last quarter Sales of Rs 18418.51 Crore and up 20.23 % from last year same quarter Sales of Rs 17437.95 Crore Company has reported net profit after tax of Rs 1339.36 Crore in latest quarter.

The company’s top management includes Dr.Thomas Connelly Jr, Mr.Arun Thiagarajan, Mr.B V Bhargava, Mr.Cyril Shroff, Mr.Dilip Gaur, Mr.Himanshu Kapania, Mr.Kumar Mangalam Birla, Mr.M L Apte, Mr.O P Rungta, Mr.Shailendra K Jain, Mr.Sushil Agarwal, Mrs.Anita Ramachandran, Mrs.Rajashree Birla, Mrs.Usha Sangwan.

Company has S R B C - Co.

LLP as its auditoRs As on 31-03-2019, the company has a total of 657,598,363 shares outstanding.




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Category: Stock Market


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