Grasim’s holding discount may widen on further investment in Vodafone Idea: Morgan Stanley
“Grasim’s standalone B/S is too stretched to make any large scale investment in a group company at this stage,” said Morgan Stanley. The brokerage said capital allocation to group companies, especially to the group telecom company, has been a concern and overhang on Grasim’s stock, driving a high holding discount on the stock. This discount … Read more