Grasim Industries top gainer on Nifty 50; brokerages hike PT on earnings beat

Grasim Industries

11/08/2025 05:37

** Grasim Industries' GRAS.NS shares climb 2.2% to 2,751.9 rupees

** Top gainer on Nifty 50 .NSEI index, which is up 0.2%

** Aditya Birla Group holding company's Q1 EBITDA of 3.85 bln rupees ($44 mln) topped Jefferies and Morgan Stanley estimates

** Higher caustic soda volumes drove beat, new businesses like Birla Opus "delivering strongly on expectations" - Jefferies

** Jefferies and Motilal raise PT on stock to joint-street-high of 3,500 rupees

** At least 4 analysts raise PT, pushing median PT to 3,266.5 rupees vs 3,225 rupees month ago - data compiled by LSEG

** Eight analysts rate GRAS "buy" on avg - LSEG

** YTD, GRAS up 12.4% vs Nifty 50 3% gain

($1 = 87.5037 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))