Moneycontrol PRO
Black Friday Sale
Black Friday Sale
HomeNewsBusinessStocksBuy Grindwell Norton; target of Rs 820: Firstcall Research

Buy Grindwell Norton; target of Rs 820: Firstcall Research

Firstcall Research is bullish on Grindwell Norton and has recommended buy rating on the stock with a target price of Rs 820 in its research report dated October 8, 2015.

October 09, 2015 / 12:24 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Firstcall Research's report on Grindwell NortonGrindwell Norton Limited was established in 1941. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain. The company manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through two segments, Abrasives, and Ceramics and Plastics. The Abrasives segment offers bonded abrasives in the form of wheels, segments, sticks, etc. for various applications, such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, OD grinding, ID grinding, surface grinding, etc., as well as for rough applications, including snagging, cutting-off, burr removal, weld preparation, etc. It also provides abrasives consisting of stationary dressers, rotary dressers, diamond and grinding wheels, and allied products for precision applications; coated abrasives products in various shapes, such as discs, belts, rolls, etc. for material removal and surface generation; nonwoven abrasives for use in domestic and industrial applications; construction products, such as various blades, diamond polishing pads and sponge wheels, and diamond core drill bits; and thin wheels. The Ceramics and Plastics segment offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives and refractories, and for stone polishing; and high performance refractories for use in processing ferrous and non-ferrous metals, and as kiln furniture to fire ceramic wares, as well as used as filtering media and for wear resistance. It also produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in automotive, pharma and bio-pharma, construction, food and beverage, energy, and general industrial markets. Grindwell Norton Limited also exports its products to other countries.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 820.00 for Medium to Long term investment.

    For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Oct 9, 2015 12:24 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347