Grasim Share price today: Sharekhan retains Buy rating with a revised price target of Rs 1430
Grasim Industries reported better than expected standalone operational performance for Q3 FY21 led by strong OPM for its Viscose business led by higher realization, lower fixed costs and input cost benefits. Grasim Industries presented restated numbers excluding fertilizer business (under process of transferring the business post the sale agreement in November 2020) for Q3 FY21 and previous periods.
Grasim Industries standalone net sales rose 24.5% qoq (down 4.8% yoy) at Rs 3672 cr led by strong rise in both Viscose (up 27.8% yoy) and chemical (up 13.8% qoq) revenues: Reuters