Gravita India’s stock price rose more than 3% in early trading on Wednesday after brokerage firm Motilal Oswal Financial Services started coverage of the stock with a favourable view. Gravita India shares reached a high of ₹1,887.40 on the BSE, up nearly 4.31% from the previous closing price.
Gravita India is a prominent player in the recycling sector, particularly focused on recycling lead, which consisted of 88% of its revenue in FY24, aluminum, and plastics. It also provides full solutions to its customers, supporting them in establishing recycling plants.
With a “Buy” rating and a target price of ₹2,350 per share, brokerage company MOFSL started covering the multibagger smallcap stock Gravita India shares, suggesting a possible upside of up to 31% from Tuesday’s closing price.
As of 10:35 am, Gravita India shares were trading 4.39% higher at Rs 1,890.0 on the NSE.
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