See upside in Grasim: Anand Rathi

Jaspreet Singh Arora, Sr Analyst - Cement & Construction - Institution Equity at Anand Rathi Financial Services feels that there is a upside in Grasim.

Arora told CNBC-TV18, "On the cement side amongst the largecaps where we still hold value Grasim is the only pick left which offers reasonable upside. We are also positive on the VSF story, the way prices have moved up in the last quarter or so and the company is more or less backward integrated for its raw material requirements. We are very positive on the VSF story and we believe this is one will offer real value in the times to come."

The company's trailing 12-month (TTM) EPS was at Rs 117.29 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 20.98. The latest book value of the company is Rs 778.18 per share. At current value, the price-to-book value of the company was 3.16. The dividend yield of the company was 1.22%