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Grasim Industries stock zoomed 4.11% to a record high of Rs 2374.75 against the previous close of Rs 2280.95 on BSE. Market cap of the firm climbed to Rs 1.61 lakh crore.
Shares of Grasim Industries Ltd surged to their record high today after international brokerage Jefferies assigned a buy call on the stock with a target price of Rs 2,300. The fresh target amounts to an upside of 4.90% from the previous close of Rs 2192.40. The stock zoomed 2.39% intraday to a fresh high of Rs 2244.95 on BSE today. Jefferies said the company from The Aditya Birla Group is poised to make significant strides in its paints business, with the imminent launch of its products and the opening of its first paints plant later in February.
Shares of Grasim Industries rose 1.39% in the last session against the previous close of Rs 2,082.85 on BSE.
The board of Grasim Industries Limited today approved the raising of funds not exceeding ₹4,000 crore by way of a rights issue to the eligible equity shareholders as on the record date. The...
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