Why is Morgan Stanley bullish on Grasim Industries in the medium-term?

Morgan Stanley on Grasim Industries: Grasim Industries shares were buzzing in trade on Tuesday, June 10, 2025, with the scrip rising up to 4.84 per cent to hit an intraday high of ₹2,735 per share.

 

Grasim Industries shares jumped in trade after New York, US-based brokerage Morgan Stanley upgraded the rating to ‘Overweight’, from ‘Equal-weight.' The brokerage also increased the price target (PT) to ₹3,500, from ₹2,975 per share, which reflects an upside of 36 per cent.

 

“We believe there is a strong case for discussed opportunities to play out for Grasim over the next couple of years,