Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textile manufacturer in India. Today, it has evolved into a leading diversified player with a leading presence across many sectors. It is a leading global producer of Viscose Staple Fibre and Viscose Filament Yarn, the largest Chlor-Alkali, Advanced Material, Linen Yarn and Fabrics producer in India.
Quick Check
Open
1,799.85
TTM EPS
113.39
Previous Close
1,797.20
TTM PE
16.05
Volume
13,52,278
P/B
1.04
Value (Lacs)
24,606.73
Face Value
2
VWAP
1,808.04
Mkt Cap (Rs. Cr.)
1,19,806
Beta
1.17
Dividend Yield
0.55
High
1,824.00
20D Avg Volume
7,41,845
Low
1,786.10
20D Avg Delivery (%)
40.32
UC Limit
1,979.90
Sector PE
35.77
LC Limit
1,620.00
Book Value Per Share
1,764.50
52 Week High
1,939.00
52 Week Low
1,276.90
Technical Outlook
The counter is on the verge of giving a consolidation breakout, and a potential fresh multi-year breakout can be expected above 1900 odd levels in weeks to come.
The counter can be looked for buying at the market and on dips proportionately towards support levels of 1775 & 1735 odd levels.
On the higher end, the counter can target 1920 and 2070 levels gradually
Major positional outlook for the coming week and a few months is Buy-On-Dip for mentioned higher levels.
Counter
Grasim LTP 1,820
Call
BUY-ON-DIP towards 1,775-1,735
Target 1
1,870
Target 2
1,920
Stop Loss
1,680
Time Horizon
2 to 3 weeks
Notes
Exit can be considered if counter trades below stop-loss for 60 minutes.
Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A US$26 billion metals powerhouse, Hindalco is an industry leader in aluminium and copper.
Hindalco’s acquisition of Aleris Corporation in April 2020, through its subsidiary Novelis Inc., has cemented the company’s position as the world’s largest flat-rolled products player and recycler of aluminium. Hindalco ranks among the global aluminium majors as an integrated producer and has a footprint in 9 countries outside India. Hindalco has been accorded Star Trading House status in India. Its aluminium is accepted for delivery under the High-Grade Aluminium Contract on the London Metal Exchange (LME). At the same time, its copper quality is also registered on the LME with Grade A accreditation.
Quick Check
Open
461.75
TTM EPS
61.63
Previous Close
463.4
TTM PE
7.48
Volume
66,21,056
P/B
1.33
Value (Lacs)
30,529.69
Face Value
1
VWAP
464.42
Mkt Cap (Rs. Cr.)
1,03,618
Beta
1.25
Dividend Yield
0.87
High
470.3
20D Avg Volume
—
Low
460
20D Avg Delivery (%)
—
UC Limit
509.7
Sector PE
14
LC Limit
417.1
Book Value Per Share
348.01
52 Week High
636
52 Week Low
309
Technical Outlook
The counter has been attempting ongoing consolidation since May 22 and gave the highest weekly closing last week since May 22.
The counter can be looked for cash buying on dips toward support levels of 448 & major mid-term support of 425 for potential 475/500 & major 525 levels in short to mid-term.
Metal sector remains a Buy-On-Dip candidate, and any major dips can attract fresh buying at crucial levels.
Counter
Hindalco LTP 461
Call
BUY-ON-DIP towards 450-440
Target 1
470
Target 2
500
Stop Loss
425
Time Horizon
2 to 3 weeks
Notes
Exit can be considered if counter trades below stop-loss for 60 minutes
