Emkay Global Financial is bullish on Gravita India has recommended buy rating on the stock with a target price of Rs 915 in its research report dated July 25, 2023.

Buy Gravita India; target of Rs 915: Emkay Global Financial

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Nomura through several funds was the buyer for Gravita shares, at Rs 565 per share.

Bulk Deals | Promoter Rajat Agrawal offloads Rs 180.8 crore shares in Gravita India

A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore.

Promoter of Gravita India sells 4.6% stake for Rs 181 cr through open mkt

The total capacity of Gravita Group has now reached to 2.78 lakh MTPA, which is in line with company’s target of reaching 4.25 lakh MTPA by FY26

Gravita India shares gains on capacity expansion of Chittoor plant

Gravita India shares gained 11.13% per cent to a new high of Rs 567.65 today against the previous close of Rs 510.80 on BSE.

Ashish Kacholia stock: Gravita India shares hit all-time high today; here’s why

The step down subsidiary of Gravita India, Gravita Netherlands BV, has been provided 34 million Euros ESG loan from European Developmental Financial Institutions.

Gravita hits record high on acquiring ESG loan, bumper Q4 earnings

A combined 2.2 million equity shares representing 3.1 per cent of total equity of Gravita India had changed hands in intra-day deals on the NSE and BSE.

Gravita India hits 52-week high; up 11% on huge volume day after Q4 results

Emkay Global Financial is bullish on Gravita India has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 02, 2023.

Buy Gravita India; target of Rs 650: Emkay Global Financial

Gravita India shares stood at Rs 469.80 in Monday’s trade, up 1.44 per cent. The scrip is down 13 per cent from 52-week high of Rs 539.45 hit on February 13. Sharekhan’s target suggests a 27 per cent potential upside on the counter.

Gravita India shares: This Ashish Kacholia stock offers 27% upside potential, says Sharekhan

GNBV will be holding 50% of equity with management control in the said project and remaining equity will be held by other partners based at Oman. In Phase-1, Battery recycling plant will be established with a capacity of 6,000 MTPA.

Gravita India signs MoU to establish battery recycling plant in Oman

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

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

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Gravita India Limited is engaged in manufacturing of lead. The Company's segments include manufacturing, turnkey projects and trading.