TheScreener - Grasim Industries Ltd (GRASIM) GRASIM INDUSTRIES suffers a double requalification, which weighs heavily on its rating, now at Neutral.

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EUR 13.40 For Business Accounts Only

GRASIM INDUSTRIES suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of GRASIM INDUSTRIES (IN), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date January 28, 2022, the closing price was INR 1,697.00 and its target price was estimated at INR 1,494.09.

29/01/2022 1 EN

Underlying

Grasim Industries Ltd

Grasim Industries Limited is a holding company. The Company's segments include Viscose Staple Fibre and Wood Pulp; Cement, which includes Grey, White and Allied Products; Chemicals, which includes Caustic Soda and Allied Chemicals, and Others, which includes textiles. Its products include viscose staple fibre, rayon grade pulp, grey cement, white cement and textiles. The Company conducts its cement business through its subsidiary, UltraTech Cement Limited. Viscose Staple Fibre is used in apparels, home textiles, dress material, knitted wear and non-woven applications, and its plants are located at Nagda in Madhya Pradesh, Kharach and Vilayat in Gujarat and Harihar in Karnataka, with an aggregate capacity of over 500 kilo-tons per annum. It also offers fabrics and synthetic yarns through its subsidiary, Grasim Bhiwani Textiles Limited. It caters to international fashion houses in the United States and the United Kingdom supplying fabric to them for manufacturing of garments.

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INE047A01021 National Stock Exchange of India India

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GRASIM INDUSTRIES suffers a double requalification, which weighs heavily on its rating, now at Neutral.

Empowering Investors

Grasim Industries Ltd: 4 directors

MOSL: GRASIM (Neutral)-Strong demand outlook, margin should improve in 2HFY22

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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