Grasim Industries has been given a "Buy" rating by Sharekhan, with a revised price target of Rs 2,975. The company's standalone revenues exceeded expectations due to strong growth in cellulosic fibers and chemicals.

However, operating profit margins were slightly affected by ongoing losses in new ventures. Grasim is expected to achieve a high single-digit market share in the Paints sector by the end of FY2025. They currently have two plants in trial runs and plan to start operations at a sixth plant by Q4 FY2025.

The company's B2B e-commerce business is also seeing an increase in quarterly run-rate, with a target of $1 billion in revenues over the next three years. Despite a minor downward revision in the valuation of Aditya Birla Capital and Vodafone Idea, the outlook for Grasim remains positive, indicating confidence in the company's growth trajectory.