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Buy Grasim Industries, target of Rs 2536: Motilal Oswal

Posted on: May 23rd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Grasim Industries with a target price of Rs 2,536 in its May 19, 2009 research report. “Grasim’s 4QFY09 results were above estimates, with EBITDA margin of 23.6% and PAT of Rs 3.85 billion. Performance was driven by significant QoQ i…

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