Status: Pending
Age: New (14/08/2025)
ICICI Securities Upgrades Grasim Industries to Buy with target of ₹3480
Brokerage
ICICISecurities
Analyst
Brokerage Team
Position
Bullish
Start Date
14/08/2025
Horizon
Mid Term
Target Price and Expected Returns
Start Price
₹2,821.00
Target Price
₹3,480
Expected Returns
23.3%
Summary
ICICI Securities recommends a buy rating on Grasim Industries with a target price of ₹3480, reflecting a bullish sentiment on the stock.
ICICISecurities's justification for Grasim Industries target price prediction
- Grasim Industries' standalone entity Q1FY26 EBITDA beat estimates and revenue growth from new business segments (paints/B2B ecommerce) were better than anticipated.
- New segments' revenue growth of 13% QoQ exceeded estimates, and EBITDA losses were in-line, providing a potential upward bias to FY26 SA EBITDA.
- The revised target price reflects an increase in the fair value estimate for Grasim’s key holding, UltraTech Cement (61% of SoTP).
- ICICI Securities maintains current earnings forecast and a buy recommendation with the revised target price of ₹3,480.
Sources:
https://news.google.com/publications/CAAqBwgKMJWwjwswq82iAw?hl=en-IN&gl=IN&ceid=IN%3Aen
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