Grasim Industries Share Price II Details decoded by Nirmal Bang
Nirmal Bang Securities highlights that the business update given by Grasim Industries is a long term positive for the company. Grasim Industries is looking to be the second largest player in the high growing paint industry. The commitment of Rs 5000 cr capex in next 3 year indicates Grasim Aggressiveness to capture the market. The company has a long history of successfully incubating newer businesses.
Grasim Industries has strong balance sheet which would get further improved with the sale of fertilizers business: Reuters