Goldman Sachs::Cement Grasim Industries (Buy) target price: Rs2,984, 43% potential upside

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


Grasim Industries: Compelling valuations, sound
fundamentals: Buy

At mid-cycle valuation for cement business, VSF business trading
at about 82% discount to peers
Holding company discount for cement subsidiary at 50%
unwarranted (assuming VSF business valued in line with peers)