Stock analysts are of the view that investors can sell Grasim Industries with a target price of Rs 1729-1720.
According to them, interested traders can sell the stock below Rs 1750, with a stop loss of Rs 1780.
Today (April 29), the stock opened at Rs 1,805 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 210.60 and 8.64 respectively. The share price has seen a 52-week high of Rs 1934 and a low of Rs 984.10 on BSE.
The analysts also suggested that if the stock fell below Rs 1712, it may see more weakness. So the investors must sell the stock.