Grasim Industries Ltd
GRASIM

1,129.75

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,128.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,130.60

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 1055.00
We recommend BUY on the stock on account of expected growth across segments due to better business prospects. Moreover, we expect it to benefit from restructuring post-merger with AB Nuvo leading to a well-diversified product portfolio. The stock is currently trading at an attractive FY18E P/E of 11x. (Target Price- Rs. 1218)
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50 DMA (.)
1,039.27
100 DMA (.)
952.33
200 DMA (.)
947.17
Weekly Range (.)
1,057.50
1,150.80
Monthly Range (.)
1,045.10
1,150.80
52 Weeks Range (.)
781.90
1,150.80
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