Name: Latest research reports of Grindwell Norton Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Grindwell Norton Ltd.
Rating: 4
Author: ICICI Securities Limited

Grindwell Norton Ltd.

NSE: GRINDWELL | BSE: 506076 | ISIN: INE536A01023 | Industry: Abrasives & Bearings
| Expensive Performer

1744.5000 30.10 (1.76%)

NSE Apr 22, 2025 15:31 PM

41.06% Fall from 52W High

Volume: 31,438

Grindwell Norton Ltd.

14 Feb 2023

1744.50

1.76%

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.

Grindwell Norton Ltd. is trading below its 100 day SMA of 1807.4