BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Grasim Industries Ltd.'s Q4 FY21 result exhibits the benefits of higher Viscose Staple Fiber prices and sustained cost reduction as Ebitda grew 106% YoY (26% QoQ) to Rs 8.1 billion.
We cut our FY22E/FY23E standalone Ebitda by 7%/17% to factor in weak margin outlook for the chemical business.
The holding company discount of 44% is in line with its 10-year average of 48%.
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