Buy Grasim Industries, price target Rs 780: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Grasim Industries Ltd. with a target price of Rs 780. The current price of Grasim Industries Ltd. is Rs 745.3. Shrikant Chouhan recommended to keep a stop loss at Rs 724.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 48887.62 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 per cent of Total Sales), Export Incentives which contributed Rs 70.66 Crore to Sales Value (0.34 per cent of Total Sales), Scrap which contributed Rs 65.95 Crore to Sales Value (0.32 per cent of Total Sales), Other Operating Revenue which contributed Rs 55.53 Crore to Sales Value (0.27 per cent of Total Sales), Sale of services which contributed Rs 15.60 Crore to Sales Value (0.07 per cent of Total Sales), Power which contributed Rs 9.32 Crore to Sales Value (0.04 per cent of Total Sales) and Rent which contributed Rs 3.12 Crore to Sales Value (0.01 per cent of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30092019, the company has reported a Consolidated sales of Rs 18430.27 Crore, down 2.28 per cent from last quarter Sales of Rs 18860.93 Crore and up 3.01 per cent 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.