Grasim gets a 'buy' call from Jefferies, shares gain
Wed, Feb 21, 2024 9:48 AM

Grasim gets a 'buy' call from Jefferies, shares gain

A Flip by Avya Verma
Get it on Google Play
Grasim Industries, part of the Aditya Birla Group, saw a 1% increase in its shares after Jefferies gave it a 'buy' rating with a target price of Rs 2,300. The company is set to make significant progress in its paints business with upcoming product launches and new plants. With 60% of its planned capex invested in this segment, Grasim is well-positioned in the competitive market.

More great flips

Accumulate Automotive Axles; target of Rs 2906: Asit C Mehta

Accumulate Automotive Axles; target of Rs 2906: Asit C Mehta

Asit C Mehta report on Automotive Axles. Automotive Axles Limited is incorporated on April 21, 1981 and headquartered in Mysuru, Karnataka is an India-based company, which is primarily engaged in manufacturing of axles and brakes. Its product portfolio includes a wide range of axles catering to haulage trucks, tippers, tractor trailers and other off highway vehicles used for special purposes.

Open Flip
GST on online gaming companies!

GST on online gaming companies!

The Supreme Court on May 3 indicated that in July 2024 it would hear a batch of petitions challenging demand notices asking online gaming companies to pay  28 percent Goods and Services Tax (GST) on the full face value of bets.A bench led by Chief Justice of India (CJI) DY Chandrachud said this while hearing a plea filed by Baazi Networks Private Limited.

Open Flip
Apple announces $110 billion share buyback, the largest in US history

Apple announces $110 billion share buyback, the largest in US history

Apple Inc., manufacturer of the iPhone and other devices announced the largest ever share buyback in US history on Thursday, sending the stock soaring in extended trading. The world's largest company by market capitalization intends to repurchase shares worth $110 billion, surpassing its own previous record of a $100 billion that it announced in 2018.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon