Buy Grasim Industries, target price Rs 1225: Emkay Global

Emkay Global has buy call on Grasim Industries with a target price of Rs 1225. The current market price of Grasim Industries Ltd. is Rs 1076.2.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 68597.97 Crore) operating in Diversified sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 18400.25 Crore, up 35.09 % from last quarter Sales of Rs 13621.10 Crore and down -.16 % from last year same quarter Sales of Rs 18430.27 Crore. Company reported net profit after tax of Rs 1502.81 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 12.6 per cent, DIIs 20.3 per cent and public and others 26.3 per cent.