Accumulate Grasim, target of Rs 2400: Prabhudas Lilladher
Prabhudas Lilladher has maintained its accumulate rating on Grasim Industries with a price target of Rs 2400 in its report dated May 20, 2009.
“Grasim Industries (Grasim) reported PAT of Rs 3.85 billion, in-line with our expectation of Rs 3.81 billion. Undoubtedly, the sentiments have improved with the recent political developments in the country as well as easing of liquidity. It would provide big relief to the sector in the form of an increased demand from the infrastructure sector and bleeding real estate sector against the over-capacity building-up in the sector. Recent surge in stock price, outpacing its peers advocates its relatively cheaper valuations to its peers. We maintain ‘Accumulate’ rating on the stock, target of Rs 2400,” says Prabhudas Lilladher’s research report.
source: MOneycontrol
Tags: accumulate grasim, brokerage tips, buy stocks, grasim, hot stocks, nse buy calls, nse buy stocks, Prabhudas Lilladher
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
