Grauer & Weil: Strong business traction, attractive valuation to support stock

A strong balance sheet and cash in the books provide good support to the company’s growth prospects

Jitendra Kumar Gupta
October 03, 2022 / 10:53 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Recent correction in share price provides good opportunity Valuations turning attractive in light of strong earnings visibility Surface chemicals business seeing strong traction with higher demand The recent correction in stock markets provides a good opportunity to look at companies such as Grauer & Weil — a high-quality business with reasonable growth prospects and trading at good valuations. The stock has corrected from the level of around Rs 75 last month to Rs 67 a share now. At present, the Grauer stock...