Grasim Industries surged 4.4% on Tuesday after Morgan Stanley upgraded the stock to ‘Overweight’ and raised its target price to Rs 3,500, implying a 28.5% upside. The brokerage also named it a “top pick,” citing strong prospects in the paints segment, which has exceeded expectations since launch, and highlighted multiple growth opportunities driving long-term value.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper