Add Grasim Industries, target price Rs 2,731: ICICI Securities

ICICI Securities has upgraded Grasim Industries to an "Add" rating with a raised target price of Rs 2,731. Despite a 45% YoY drop in Q2FY25 EBITDA due to losses in its new paint and e-commerce ventures, the brokerage is optimistic about Grasim's aggressive expansion in the paint sector. Grasim's paint revenue is projected to reach Rs.