Motilal Oswal has given Buy recommendation for Grasim recommended buy rating on the stock with a target price of Rs 1880 in its research r with a target price of Rs. 1880 in its research report issued on Aug 30, 2022

Motilal Oswal’s research report on Grasim

Diversified portfolio offers long-term growth opportunities GRASIM’s FY22 Annual Report highlights integration across the value-chain and diversification into new businesses. The key strategic elements are: 1) capacity expansion to cater to the growing demand across businesses; 2) increase in percentage of chlorine integration to 40% by FY25; 3) improving share of renewable energy (RE) in the overall power mix; 4) setting up zero liquid discharge (ZLD) plants to reduce emissions; and 5) foray into high growth businesses – Paints and B2B e-commerce.

Outlook

We maintain our Buy rating on the stock with a TP of INR1,880.

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