Invest in Grasim Industries: Ashish Chaturmohta

Invest in Grasim Industries , says Ashish Chaturmohta of IIFL Wealth.

Chaturmohta told CNBC-Awaaz, "Investors should invest in Grasim Industries at Rs 2350 with a long term perspective. If the stock crosses Rs 2350-2360 then we can see level of Rs 2450-2500 in future."
The company's trailing 12-month (TTM) EPS was at Rs 138.71 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 16.93. The latest book value of the company is Rs 885.86 per share. At current value, the price-to-book value of the company was 2.65. The dividend yield of the company was 0.85%.