Is Grasim a good buy?
Is Grasim a good buy?
PE vs Market: GRASIM is good value based on its PE Ratio (17.6x) compared to the Indian market (18.8x).
Will Grasim go up?
Tomorrow’s movement Prediction of Grasim Industries Limited GRASIM as on 31 Aug 2021 appears strongly Bullish. This stock started moving upwards as soon as it opened….Munafa value: 75 as on 31 Tue Aug 2021.
| Strong resistance | 1557.3 |
|---|---|
| Strong support | 507 |
| Strong support | 480 |
What is the product of Grasim Industries?
About Grasim It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India’s largest cement producer and a leading diversified financial services player.
Which sector is Grasim?
Grasim Industries
| Type | Public |
|---|---|
| ISIN | INE047A01021 |
| Industry | Fibre Chemicals Agrochemicals Textiles Insulator |
| Founded | 1947 in Mumbai |
| Headquarters | Mumbai, Maharashtra , India |
Is Grasim undervalued?
Since GRASIM is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.
Why is Grasim rising?
“For Grasim, we expect a steep rise in VSF prices and better demand environment to aid strong net profit growth,” Sharekhan said. Antique Stock Broking expects the company to report net profit at Rs 550.60 crore. Sales are seen rising 7.4 per cent YoY to Rs 4,633.20 crore.
Who is the owner of Grasim?
Aditya Birla Group
Grasim Industries/Parent organizations
Grasim Industries, the flagship company of the Aditya Birla Group was incorporated on August 25,1947. It ranks among India’s largest private sector companies. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles.
What is viscose staple Fibre?
Share. Grasim is India’s pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications.
Does Grasim own UltraTech Cement?
Grasim is the parent company of UltraTech Cement and owns the UltraTech brand. Global giant Holcim runs its cement firms ACC and Ambuja Cement independently. In fact, these two companies which jointly form India s largest cement producing block compete with each other in the market place.
What is the current share price of Grasim Industries?
For the year ending March 2019 Grasim Industries has declared an equity dividend of 350.00% amounting to Rs 7 per share. At the current share price of Rs 822.90 this results in a dividend yield of 0.85%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
When did Grasim Industries issue its convertible bonds?
– The Company issued 18,75,000-13 1/2% convertible bonds of the face value of Rs 160 each f or an aggregate amount of Rs 30 crores. Rs. 40 out of each bond is convertible into 2 equity shares of Rs 10 each at a premium of Rs 10 per share on 1st April 1983.
Is it good to buy or sell Grasim stock?
Grasim can be taken short in mentioned sell position in the chart. Formed an ascending triangle in hourly timeframe. Looks good above 490 for 10 points. It can see 420 if 450 level is broken. BUY GRASIM ABOVE 494 FOR THE TARGETS OF 505-564. According to me this market is in a recession. However, trade with less quantity in this volatile market.
What is the history of Grasim Industries in Andhra Pradesh?
Andhra Pradesh Rayons entered into a technical collaboration agreement with the Company for the supply of 45 tonne/day viscose staple fibre plant on a turnkey basis valued at Rs 38 crores. – The Company introduced successfully during the year Grasim “MASTERWEAR” readymade shirts and trousers.
https://www.youtube.com/watch?v=6Zl_K249ZlI