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Sell Grasim Industries, price target Rs 735: Kunal Bothra

The analyst suggested a stoploss at Rs 784

ETMarkets.com|
Updated: Dec 11, 2019, 11.40 AM IST
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Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 50670.25 Crore) operating in Diversified sector.
Kunal Bothra has a sell call on Grasim Industries Ltd. with a target price of Rs 735.0 . The current price of Grasim Industries Ltd. is Rs 761.5 . Kunal Bothra recommended to keep a stoploss at Rs 784 .

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 50670.25 Crore) operating in Diversified sector.

Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products which contributed Rs 20330.25 Crore to Sales Value (98.92 % of Total Sales), Export Incentives which contributed Rs 70.66 Crore to Sales Value (0.34 % of Total Sales), Scrap which contributed Rs 65.95 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue which contributed Rs 55.53 Crore to Sales Value (0.27 % of Total Sales), Sale of services which contributed Rs 15.60 Crore to Sales Value (0.07 % of Total Sales), Power which contributed Rs 9.32 Crore to Sales Value (0.04 % of Total Sales) and Rent which contributed Rs 3.12 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 18430.27 Crore, down -2.28 % from last quarter Sales of Rs 18860.93 Crore and up 3.01 % from last year same quarter Sales of Rs 17892.42 Crore Company has reported net profit after tax of Rs 1024.27 Crore in latest quarter.

The company’s top management includes Dr.Thomas Connelly Jr, Mr.Arun Thiagarajan, Mr.Cyril Shroff, Mr.Dilip Gaur, Mr.Himanshu Kapania, Mr.Kumar Mangalam Birla, Mr.N Mohanraj, Mr.O P Rungta, Mr.Shailendra K Jain, Mrs.Anita Ramachandran, Mrs.Rajashree Birla, Mrs.Usha Sangwan. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 657,672,734 shares outstanding.

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