The brokerage firm noted that their ‘seel’ rating was set against the backdrop of a peaking chemical cycle and risk to guidance/consensus expectations for the energy segment (n-methyl aniline, MMA)
Morgan Stanley upgrades Grasim to ‘Overweight’, raises target price to Rs 3,500
Morgan Stanley has upgraded Grasim Industries to ‘Overweight,’ citing the paints business’s scaling and improved visibility. The brokerage anticipates a 29% upside, raising the price