Shares of Grasim Industries climbed as much as 4.4% on Tuesday to Rs 2,723.50 on the BSE after Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal-weight’ and raised its target price to Rs 3,500 from Rs 2,975. The brokerage also named the Aditya Birla Group company a “top pick in coverage”, citing “multiple opportunities … Read more
Grasim on Monday reported a 41% year-on-year (YoY) decline in its consolidated net profit at Rs 899 crore in the third quarter. Revenue from operations during the same period rose 9% YoY to Rs 34,793 crore. On a standalone basis, the company reported a net loss of Rs 168 crore. The profit growth was dragged … Read more
Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1,164 crore in the last year quarter. Revenue from operations, meanwhile, rose 11% YoY to Rs 33,563 crore in the reporting period. EBITDA for … Read more