Grindwell Norto Standalone December 2022 Net Sales at Rs 554.77 crore, up 11.03% Y-o-Y

Grindwell Norton reported 15% rise in consolidated net profit to Rs 80.19 crore on a 20.32% increase in revenue from operations to Rs 603.88 crore in Q3 FY23 over Q3 FY22.

Grindwell Norton Q3 PAT rises 15% YoY to Rs 80 cr

Grindwell Norton commissions its state-of-the-art paper maker unit in Bengaluru

ICICI Direct is bullish on Grindwell Norton recommended buy rating on the stock with a target price of Rs 2460 in its research report dated November 03, 2022.

Buy Grindwell Norton; target of Rs 2460: ICICI Direct

Grindwell Norton consolidated net profit rises 25.08% in the September 2022 quarter

Grindwell Norton advanced 1.09% to Rs 2164.15 after the company reported 25% rise in consolidated net profit to Rs 90.06 crore on a 24% increase in revenue from operations to Rs 634.66 crore in Q2 FY23 over Q2 FY22.

Grindwell Norton rises after Q2 PAT jumps 25% YoY despite higher expenses

Adani Transmission, P&GHH, Dalmia Bharat, M&M Finance, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH, Redington India, Triveni Turbine and KSB are among the companies that will announce their results for September 2022 quarter today.

Stocks in the news: TechM, Adani Transmission, Infy, Axis Bank, PNB and Adani Ports

Grindwell Norton Ltd recorded volume of 5.78 lakh shares by 14:14 IST on NSE, a 12.02 times surge over two-week average daily volume of 48100 shares

Volumes soar at Grindwell Norton Ltd counter

Here is what the charts say about the shares of Godrej Consumer Products, Grindwell Norton and Sun Pharmaceutical Industries

Stocks that will see action this week

Dhani Services Ltd, GTL Infrastructure Ltd, Kirloskar Oil Engines Ltd and Grindwell Norton Ltd are among the other losers in the BSE’s ‘A’ group today, 12 September 2022.

Asahi India Glass Ltd leads losers in ‘A’ group

Grindwell Norton consolidated net profit rises 43.90% in the June 2022 quarter

Price return has been average, nothing exciting

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

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Grindwell Norton Limited manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics.