Brokerages remain bullish on Grasim Industries Ltd. despite the recent exit of Rakshit Hargave as the CEO of Birla Opus, with Citi even issuing a target price hike. The brokerage firm has retained a ‘buy’ rating on the counter while increasing the target from Rs 3,400 to Rs 3,450. Jefferies and Morgan Stanley, too, remain optimistic about Grasim’s stock price trajectory going forward.
