Supreme Court Upholds NCLAT Order to Set Aside CCI's Rs. 3B Fine Against Grasim Industries
The Supreme Court of India upheld the NCLAT's order to set aside the CCI's Rs. 3B fine against Grasim Industries. The apex court's ruling affirms the appellate tribunal's earlier verdict in favour of the company, effectively nullifying the penalty imposed by the competition regulator. The decision marks a significant legal milestone for Grasim Industries in its dispute with the CCI.
Grasim Industries Sees ₹28.96 Crore Block Trade on NSE at ₹3119.30 Per Share
Grasim Industries recorded a block trade on the National Stock Exchange valued at ₹28.96 crores, involving approximately 92,833 shares executed at ₹3119.30 per share. Such large-volume transactions, typically carried out by institutional investors outside the regular order book, are closely tracked by market participants for signals of significant portfolio activity.
04Jun 26
Morgan Stanley Maintains Overweight Rating on Grasim Industries, Sets Target Price at ₹3,900
Morgan Stanley has maintained an Overweight rating on Grasim Industries with a target price of ₹3,900. The brokerage cites a capital-light scale-up model, gradual discount rationalisation, and higher dealer incentives as key positives. Strong FY27 revenue growth is expected to be driven by plant stabilisation, product ramp-up, dealer expansion, and price hikes. Inventory gains in Q1 FY27 are also anticipated as a near-term catalyst.
Morgan Stanley Maintains Overweight on Grasim Industries, Raises Target Price to ₹3,900; Names It Analyst Top Pick
Morgan Stanley has maintained an Overweight rating on Grasim Industries, raising its target price to ₹3,900 from ₹3,865 and naming it an Analyst Top Pick. The upgrade in target is supported by an EBITDA beat driven by chemicals and cellulose segments, strong paints business growth, and market share gains. A double-digit FY27 paints industry outlook and Birla Pivot momentum further strengthen the positive thesis. Multiple rerating triggers, including paints value unlocking and scaling of new-age businesses, add to the constructive long-term outlook.
Grasim Industries Records ₹17.97 Crore Block Trade on NSE at ₹2957.00 Per Share
A block trade worth ₹17.97 crores was executed on the NSE for Grasim Industries, covering approximately 60,773 shares at ₹2957.00 per share. The transaction highlights significant institutional participation in the stock. Block trades of this magnitude are typically conducted outside the regular order book to limit market disruption.
13May 26
Jefferies Maintains Buy on Grasim Industries with Target Price of ₹3440 on Strong Dividend Inflow from UltraTech Cement
Jefferies has maintained a Buy rating on Grasim Industries with a target price of ₹3440, citing a sharp rise in dividend inflow of ₹39.7bn from UltraTech Cement's payout. The brokerage highlights that this strengthens Grasim's capital allocation flexibility for growth investments, deleveraging, and shareholder returns. Jefferies further notes that prudent deployment of these funds could help narrow the holding company discount, potentially unlocking greater shareholder value.
Morgan Stanley Assigns Overweight Rating to Grasim Industries with Target Price of Rs 3865
Morgan Stanley has assigned an overweight rating to Grasim Industries with a target price of Rs 3865, driven by strong growth visibility across multiple segments. Key growth drivers include the paints business targeting Rs 100bn revenue by 2028, development of an asset-light B2B e-commerce platform, Lyocell capacity expansion in value-added cellulose, and strategic shift toward specialty chemicals for long-term value creation.