Grindwell Norton Ltd. News and Updates

Name: Latest research reports of Grindwell Norton Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Grindwell Norton Ltd.
Rating: 3
Author: ICICI Securities Limited

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Grindwell Norton Ltd.

14 Nov 2023

1696.70

1.97%

Buy Grindwell Norton; target of Rs 415: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on Grindwell Norton has recommended buy rating on the stock with a target price of Rs 708 in its research report dated November 06, 2023.

Grindwell Norton Ltd. is trading below its 100 day SMA of 1868.5

Grindwell Norton Ltd.

18 Aug 2023

1696.70

1.97%

Hold Grindwell Norton; target of Rs 2330: ICICI Securities

Moneycontrol

ICICI Securities recommended hold rating on Grindwell Norton with a target price of Rs 2330 in its research report dated August 16, 2023.

Grindwell Norton Ltd. has an average target of 1890.00 from 1 broker.

Grindwell Norton Ltd.

16 Aug 2023

1696.70

1.97%

Buy Grindwell Norton; target of Rs 2604: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on Grindwell Norton has recommended buy rating on the stock with a target price of Rs 2604 in its research report dated August 14, 2023.

Grindwell Norton Ltd.'s price crossed above 50Day SMA today

Grindwell Norton Ltd.

16 Aug 2023

1696.70

1.97%

Subdued quarter; downgrade to HOLD

Hold: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Grindwell Norton (GWN) Q1FY24 reported a subdued set of numbers with consolidated revenue/EBITDA/PAT growing 4.8%/4.9%/4% YoY respectively. Revenue growth was led mainly by ceramics & plastics and IT businesses of the company. Abrasives revenue was flat YoY (CUMI Abrasives grew 5% YoY in Q1FY24), impacted by increased Chinese dumping and weak export demand, which are key monitorables for the near team.

Grindwell Norton Ltd. has lost -29.31% in the last 6 Months

Grindwell Norton Ltd.

14 Aug 2023

1696.70

1.97%

Grindwell Norto Standalone June 2023 Net Sales at Rs 660.09 crore, up 7.16% Y-o-Y

Moneycontrol

Grindwell Norton Ltd. is trading below its 100 day SMA of 1868.5

Grindwell Norton Ltd.

15 May 2023

1696.70

1.97%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Direct

Grindwell Norton Ltd. is trading above its 50 day SMA of 1685.5

Grindwell Norton Ltd.

15 May 2023

1696.70

1.97%

Strong play on industrial growth

Accumulate: Grindwell Norton Ltd.

ICICI Securities Limited

Grindwell Norton (GWN) delivered a steady set of numbers in Q4FY23 driven by revival in industrial demand and the company’s recent acquisition, PRS Permacel. Consolidated quarterly revenues grew 19% YoY to Rs6.6bn (I-Sec: Rs6.7bn) led by 27% YoY growth in ceramics & plastics, 6% in abrasives and 47% in digital services.

Grindwell Norton Ltd. has an average target of 1890.00 from 1 broker.

Grindwell Norton Ltd.

07 May 2023

1696.70

1.97%

Grindwell Norton Q4 Earnings: PAT rise 10% YoY in Q4, net income up 20%, Board declares highest ever dividend

livemint

A large cap firm, Grindwell Norton reported a market valuation of 21,003.03 Cr on Friday at closing.

Grindwell Norton Ltd. has an average target of 1890.00 from 1 broker.

Grindwell Norton Ltd.

15 Feb 2023

1696.70

1.97%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Direct

Grindwell Norton Ltd.'s price crossed above 50Day SMA today

Grindwell Norton Ltd.

14 Feb 2023

1696.70

1.97%

Strong play on industrial growth

Accumulate: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Grindwell Norton (GWN) delivered a healthy performance in Q3FY23 benefiting from revival in industrial demand and its recent acquisition, PRS Permacel. Consolidated revenues grew 20.3% YoY to Rs6bn in Q3FY23 – led by 39% YoY growth in ceramics & plastics (lower base), and 9% in abrasives.