*Stock Name - Grasim Industries..*
*Stock Info-* Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On a standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertilizer, textile, etc. It is the holding company of Ultratech Cement Ltd # which is the flagship company of A.B. Group.
*Fundamentals-* Company is having a strong balance sheet with improved operating margins from 15% to 17% in FY 2021 as compared to FY 2020. The company has maintained a CAGR of 15% for the last 3 years. The company has also improved its debtor days.
*Shareholders Pattern* - Since the last one-quarter promoters and FIIs have increased their stake in the company which is a good sign.
India Ratings and Research (Ind-Ra) has affirmed Grasim Industries Limited’s (GIL) Long-Term Issuer Rating at ‘IND AAA’. The Outlook is Stable.
*Technical Analysis* - Stock has shown steady growth in the last few months. Stock is currently facing resistance at 1600 but taking support at its 9DEMA. Large buying interest is seen last few weeks. So it's good to add the stock till 1500.. 1500 is Strong support for the stock. Below 1500 stock will show weakness. It is suggested to deploy small quantities and then averaging the same.
*Stock Info-* Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On a standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertilizer, textile, etc. It is the holding company of Ultratech Cement Ltd # which is the flagship company of A.B. Group.
*Fundamentals-* Company is having a strong balance sheet with improved operating margins from 15% to 17% in FY 2021 as compared to FY 2020. The company has maintained a CAGR of 15% for the last 3 years. The company has also improved its debtor days.
*Shareholders Pattern* - Since the last one-quarter promoters and FIIs have increased their stake in the company which is a good sign.
India Ratings and Research (Ind-Ra) has affirmed Grasim Industries Limited’s (GIL) Long-Term Issuer Rating at ‘IND AAA’. The Outlook is Stable.
*Technical Analysis* - Stock has shown steady growth in the last few months. Stock is currently facing resistance at 1600 but taking support at its 9DEMA. Large buying interest is seen last few weeks. So it's good to add the stock till 1500.. 1500 is Strong support for the stock. Below 1500 stock will show weakness. It is suggested to deploy small quantities and then averaging the same.