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GRASIM Share Price Target

Grasim Industries Ltd.
NSE: GRASIM | BSE: 500300 | ISIN: INE047A01021 | Sector: Cement

GRASIM Rating

4/5 (6 Ratings)
GRASIM Share Price *
751.65 +27.75 (3.83%)
* (quote may be delayed)

4 GRASIM share price target reports by brokerages below. See what is analyst's view on GRASIM share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find GRASIM share price target tomorrow or next week from GRASIM discussion forum.

GRASIM Share Price Forecast - Consensus
No. of reports in last year
4
No. of analysts
3
Average Consensus Forecast
837.00
Consensus Potential
12.77%

GRASIM Share Price Target - Broker Reports - 2019

14-Nov-19
Price @ Call: 735.48
Target: 740
NEUTRAL
We reduce our FY20/FY21 estimates by 16% in light of weaker realizations of VSF and the Chemical business. We expect EPS to register a decline in CAGR of 21% over FY19-21; ROE should decline 280bp to 4.1% over FY19-21 due to margin pressure as well as higher depreciation and interest cost due to capacity addition. Given GRASIM’s conglomerate business structure, we value it on SOTP basis. Our target price values (a) the standalone business (fiber, chemicals, etc.) at 7x FY21E P/E, (b) UltraTech at 60% holding company discount to target price, and (c) other listed investments (AB Capital, Vodafone Idea, Hindalco, Aditya Birla Fashion) at 60% holding company discount to market prices. Thus, we arrive at a fair value of INR740/share. Maintain Neutral.
... Read more

2-Dec-19
Price @ Call: 811.25
Target: 850
HOLD
Valuation – Maintain Hold with a revised PT of Rs. 850: Grasim has risen by ~10% over less than a fortnight with two developments in the telecom sector and an increase in Aditya Birla Capital’s market capitalisation (up ~34%, Grasim holds ~56% stake). We see the developments in the telecom sector to bring sanity for the sector and are positive over a long term for VIL; however, reduction of licensee fees and payment of AGR-related dues in less than three months have remained unaddressed. Hence, we continue to believe VIL’s funding requirements to remain a key hangover on Grasim. We have introduced FY2022E standalone estimates in this note. We continue to maintain Hold on the stock with a revised PT of Rs. 850 (factoring revised valuation of VIL, Aditya Birla Capital and rolling forward standalone estimate valuation to FY2022E).
... Read more

4-Sep-19
Price @ Call: 694.82
Target: 803
BUY
We estimate PAT to grow at 14.0% FY19-21E CAGR and EBITDA margin to improve to 21.0% by FY21E. We reiterate our BUY rating on the stock with a revised target price of Rs. 803 calculated using sum of the parts (SOTP) valuation methodology (SOTP table on page 2), taking into account the market potential, business environment and growth prospects.
... Read more

19-Aug-19
Price @ Call: 751.9
Target: 955
BUY
Maintain Buy with revised PT of Rs. 955:
We have lowered our net earnings estimates for FY2020-FY2021E factoring lower realizations in Viscose and Chemical verticals along with increased interest expense due to increase in debt. The funding requirements of Grasim’s investment in Vodafone Idea has been key overhang on the stock leading to increased discounting of its other listed entities. We have adjusted our SOTP based price target for current market capitalization of Aditya Birla Capital and Vodafone Idea. We have also increased holding company discount due to key funding concern for Vodafone Idea. Hence, we arrive at a revised SOTP based price target of Rs. 955. However, we maintain Buy purely on the basis of attractive valuation post steep discounting of listed subsidiaries and investments.
... Read more

11-Feb-19
Price @ Call: 718.45
Target: 988
BUY
Outlook and valuation: Value play; maintain ‘BUY’ We maintain that Grasim is a unique holdco with a solid underlying SA business. Yet capital commitments towards Idea (~INR29bn for a steady 11.5% stake) and potential infusion into ABCL (plans yet to be firmed up) are likely to overhang the stock. Maintain ‘BUY/SP’ with an SOTP-based target price of INR988 (valuing SA at 8x FY20E P/E and all key holdings at a 50% holdco discount to our respective fair value estimates).
... Read more

8-Feb-19
Price @ Call: 753.2
Target: 836
NEUTRAL

GRASIM Share Price Target - Broker Reports - 2018

20-Oct-18
Price @ Call: 880.04
Target: 1083
BUY

16-Aug-18
Price @ Call: 988.1
Target: 1219
BUY

14-Aug-18
Price @ Call: 990.64
Target: 1360
BUY

14-Aug-18
Price @ Call: 990.64
Target: 1084
NEUTRAL

25-May-18
Price @ Call: 1017.07
Target: 1222
BUY

25-May-18
Price @ Call: 1017.07
Target: 1332
BUY

24-May-18
Price @ Call: 1046.65
Target: 1122
NEUTRAL

7-May-18
Price @ Call: 1073.44
Target: 1280
BUY

5-Apr-18
Price @ Call: 1065
Target: 1187
NEUTRAL

14-Feb-18
Price @ Call: 1134.75
Target: 1242
NEUTRAL

15-Feb-18
Price @ Call: 1127.75
Target: 1416
BUY

GRASIM Share Price Target - Broker Reports - 2017

15-Nov-17
Price @ Call: 1209.05
Target: 1302
BUY

29-May-17
Price @ Call: 1109
Target: 1222
BUY

30-Jan-17
Price @ Call: 970
Target: 1200
BUY

31-Jan-17
Price @ Call: 970
Target: 1200
BUY

GRASIM Share Price Target - Broker Reports - 2016

3-Nov-16
Price @ Call: 908.95
Target: 962
BUY

  • GRASIM - Share Price Target Potential

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    BrokerageTargetPotential
    Motilal Oswal7402.18%
    Sharekhan85014.84%
    Geojit Financial Services8039.85%
  • GRASIM Share Price Target Today- Technical Pivot Points (Classic)

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    Upside Target 3763.87
    Upside Target 2752.53
    Upside Target 1738.22
    Pivot726.88
    Downside Target 1712.57
    Downside Target 2701.23
    Downside Target 3686.92
  • GRASIM Share Price Target weekly- Technical Pivot Points (Classic)

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    Upside Target 3828.73
    Upside Target 2809.22
    Upside Target 1776.13
    Pivot756.62
    Downside Target 1723.53
    Downside Target 2704.02
    Downside Target 3670.93
  • GRASIM Share Price Target monthly- Technical Pivot Points (Classic)

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    Upside Target 3966.1
    Upside Target 2901.5
    Upside Target 1840.2
    Pivot775.6
    Downside Target 1714.3
    Downside Target 2649.7
    Downside Target 3588.4
  • GRASIM Share Price Target today- Technical Pivot Points (Fibonacci)

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    Upside Target 3752.53
    Upside Target 2742.74
    Upside Target 1736.68
    Pivot726.88
    Downside Target 1717.09
    Downside Target 2711.03
    Downside Target 3701.23
  • GRASIM Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3809.22
    Upside Target 2789.12
    Upside Target 1776.71
    Pivot756.62
    Downside Target 1736.52
    Downside Target 2724.11
    Downside Target 3704.02
  • GRASIM Share Price Target monthly- Technical Pivot Points (Fibonacci)

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    Upside Target 3901.5
    Upside Target 2853.41
    Upside Target 1823.69
    Pivot775.6
    Downside Target 1727.51
    Downside Target 2697.79
    Downside Target 3649.7
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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