( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 27th April 2009
Grasim Industries Ltd : Rs 1802.95Notables :
- Grasim Industries an arm of Aditya Birla Group was incorporated in 25th August 1947.
- The Grasim's businesses comprise Viscose Staple Fibre (VSF), Cement (grey and white), Sponge Iron, Chemicals and Textiles. VSF and Cement are core business of the company.
- In cement (grey cement and white cement), the Company, along with its subsidiary UltraTech Cement Ltd. has a capacity of 30 million tons per annum. The Company has launched a range of products, which include Icetouch, Soffeel, Venetia under Grasim and Cleanfab, Easywash, Selfcare under Graviera.
- Grasim in Aditya Birla Group is the world's largest producer of VSF, the 11th largest cement producer in the world and the seventh largest in Asia, Largest merchant producer of sponge iron, Second largest producer of caustic soda in India and the Grasim and Graviera range of fabrics signify the 'power of fashion'.
Share Holding Pattern :
- Promoters : 25.19 %
- Public : 64.09 %
Financial Highlights:
- Net Profit/(Loss) of Rs. 460 Crore for the Quarter ending on 31-DEC-2008 against Rs. 721 Crore for the Quarter ending on 31-DEC-2007.
- Net Sales of Rs. 4632 Crore for Quarter ending on 31-DEC-2008 against Rs. 4350 Crore for the Quarter ending on 31-DEC-2007.
Technical Overview :
- The stock On Day Chart has given an "Ascending Channel Breakout" with huge volumes,indicating the stock to outperform in short & Long term.The stock is recommended to buy cmp Rs 1802.95 with long term view.
Support Levels :
- Support 1 : 1767
- Support 2 : 1695
- Support 3 : 1558
Stoploss : 1500 on closing basis.
Targets :
- Target 1 : 2068
- Target 2 : 2207
- Target 3 : 2445
- Target 4 : 2829
Period : 9 to 12 months.