The Indian markets ended the week in tandem with the bull run it witnessed at the start of this week. Nifty managed to end in the green, led by the likes of Bajaj Auto and Grasim.
Sensex too was up close to 900 points by the end of the week, after hitting a record high.
But, there is still room for correction in these midcaps - hat's the word we've got from Chris Wood in his latest Greed and Fear note. He adds that India is the long-term structural growth story in Asia and not China.
On this edition of India Tonight, ET NOW's Vikram Oza speaks with Punita Kumar Sinha - Managing Partner, Pacific Paradigm Advisors; and Sudip Bandyopadhyay, Group Chairman, Inditrade Capital; on the same.


#Midcaps #Multibagger #Nifty
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Risk-Benefit Analysis | Did You Jump On The Nifty Midcap Bandwagon | India Tonight

Grasim had last year doubled its planned investment to Rs 10,000 crore in setting up the paints business

Grasim Industries To Enter Paint Business Under ‘Birla Opus’ Brand Name

Our foray into decorative paints enables us to tap into a high-growth market, says Aditya Birla Group’s Kumar Mangalam Birla.

Grasim Industries Unveils Brand Name Of Paints Business; Shares At Record High

Grasim aims to be a strong #2 player in decorative paints industry, investing ₹4,307 cr in FY23. B2B e-commerce ‘Birla Pivot’ operational in 3 states, aligns with Digital India & MSMEs empowerment. Established businesses to consolidate, new growth engines to create powerful impact.

Grasim eyes number two position in decorative paints, says Birla

Grasim Industries, an Aditya Birla Group, targets to become the second-largest in the decorative paint business, with the commissioning of six plants in phased manner starting March quarter

‘Grasim aims to become 2nd largest in decorative paints biz’

Top Nifty losers included Reliance Industries, Grasim Industries, ONGC, Power Grid Corp and JSW Steel, while gainers were BPCL, Asian Paints, IndusInd Bank, Infosys and Britannia Industries

Taking Stock: Market squanders opening gains to end near day’s low; IT shines

Sharekhan is bullish on Grasim Industries has recommended buy rating on the stock with a target price of Rs 2150 in its research report dated August 10, 2023.

Buy Grasim Industries; target of Rs 2150: Sharekhan

Viscose staple fibre’s capacity utilisation at 91% in Q1 FY24.

Grasim Q1 Review - Strong Recovery In Viscose Staple Fibre; Chemical OPM Up Sequentially: Motilal Oswal

Grasim Standalone June 2023 Net Sales at Rs 6,237.55 crore, down 14% Y-o-Y

Stocks to watch out for today: Bata India , Sula Vineyards, LIC, Pidilite, Grasim, Hero MotoCorp, Axis Bank, Suzlon Energy Tata Power, IRCTC and more

Stocks in news: Tata Power, IRCTC, Pidilite, Suzlon Energy, LIC and more

Grasim Industries’ Q1 net profit down 7%, launches B2B e-commerce platform Birla Pivot. Revenue up 11%, capex of ₹5,791 cr, VSF sales volume down, chemical business revenue & EBITDA down, UltraTech Cement revenue & EBITDA up, Aditya Birla Capital revenue & net profit up.

Grasim net profit down 7 per cent on lower realisation

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Grasim Industries Limited is a holding company. The Company's segments include Viscose Staple Fibre and Wood Pulp, Cement, Chemicals, and textiles.