Latest news with #GrasimIndustriesLtd.
Business Insider
6 days ago
- Business
- Business Insider
Grasim Industries Ltd. (GRASIM.IL): New Buy Recommendation for This Basic Materials Giant
In a report released on August 11, Navin Sahadeo from ICICI Securities maintained a Buy rating on Grasim Industries Ltd., with a price target of INR3,480.00. The company's shares closed last Monday at INR2,757.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Sahadeo covers the Basic Materials sector, focusing on stocks such as Ambuja Cements Limited, Grasim Industries Ltd., and J.K. Cement Ltd.. According to TipRanks, Sahadeo has an average return of 11.2% and a 75.00% success rate on recommended stocks. In addition to ICICI Securities, Grasim Industries Ltd. also received a Buy from Citi's Raashi Chopra in a report issued on August 11. However, on the same day, Kotak Mahindra maintained a Sell rating on Grasim Industries Ltd. (NSE: The company has a one-year high of INR2,897.55 and a one-year low of INR2,276.10. Currently, Grasim Industries Ltd. has an average volume of 19.85K.
Time of India
22-05-2025
- Business
- Time of India
Kumar Mangalam Birla's Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, according to people familiar with the matter. The note carries a coupon of 6.56%, they said, asking not to be identified as the information is private. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Car Novels Undo The Reserve Bank of India 's aggressive cash injections and two rate cuts have sparked a bond rally, driving yields on the top-rated three- and five-year corporate debt to their lowest levels since 2022. The ability to borrow at lower rates also shows the effective transmission of the central bank's actions to the broader economy. Bonds Corner Powered By Kumar Mangalam Birla's Grasim gets cheapest rupee bond deal in 5 years Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. Can India bond yields fall lower than that of US? Uday Kotak wonders India bond yields continue downward trend on bets of policy easing BOJ urged to boost bond buying in wake of spike in super-long yields Moody's downgrade ripples through bond market, causes worries for stocks Browse all Bonds News with Other corporates are also tapping into the local bond market to take advantage of the lower borrowing costs. Jio Credit Ltd., a shadow lender owned by Asia's richest businessman, Mukesh Ambani , is set to seek bids next week to raise three-year money at a 7.08% coupon. That's 11 basis points lower than a similar tenor deal last week. Axis Bank Ltd . is the sole arranger for Grasim, the people said. A representative at the company declined to comment. Live Events
Economic Times
22-05-2025
- Business
- Economic Times
Kumar Mangalam Birla's Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. ADVERTISEMENT The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, according to people familiar with the matter. The note carries a coupon of 6.56%, they said, asking not to be identified as the information is private. The Reserve Bank of India's aggressive cash injections and two rate cuts have sparked a bond rally, driving yields on the top-rated three- and five-year corporate debt to their lowest levels since 2022. The ability to borrow at lower rates also shows the effective transmission of the central bank's actions to the broader economy. Other corporates are also tapping into the local bond market to take advantage of the lower borrowing costs. Jio Credit Ltd., a shadow lender owned by Asia's richest businessman, Mukesh Ambani, is set to seek bids next week to raise three-year money at a 7.08% coupon. That's 11 basis points lower than a similar tenor deal last week. Axis Bank Ltd. is the sole arranger for Grasim, the people said. A representative at the company declined to comment. (You can now subscribe to our ETMarkets WhatsApp channel)
