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Grindwell Norton Ltd.
Share Price Target & Analysis

NSE:GRINDWELL

2274.91

VWAP

2264.75

Open

2250.1

Close

2290.00

High

2230.00

Low

2495.00

52 Week High

2282.80 ⇧
32.70 (1.45%)

GRINDWELL

(INDUSTRIAL MANUFACTURING)
65.8% Momentum

Sideways to Positive

1875.20

52 Week Low

34.39

EPS

72.62

PE

12.32

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: GRINDWELL Share Price Financial Analysis & Valuation

Grindwell Norton Ltd. (GRINDWELL) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Abrasives vertical. It is one of Mid Cap company with Market Capitalization of Rs 20632.2 (in Cr). Total number of free float shares are 11.1 (in Lacs). Grindwell Norton Ltd. is listed on NSE with Exchange ID - INE536A01023 and trading code is NSE:GRINDWELL with short name Grindwell Norto.

In the past 1 year, Grindwell Norton Ltd. has declared an equity dividend of Rs 17 per share. At the current share price of GRINDWELL at Rs 2282.80, this results in a dividend yield of 0.74 %.

As per the Fundamental Analysis of NSE:GRINDWELL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine GRINDWELL underlying value and future prospects. All of this data is available in GRINDWELL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:GRINDWELL, it is clearly understood that GRINDWELL is Economical performer in terms of earnings and profit margins with an EPS of 34.39. NSE:GRINDWELL book value per share as of today is 185.25. The current price to book ratio for GRINDWELL as of May 15, 2024 is 12.32.

Valuation of the Stock: The current valuation of GRINDWELL stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of GRINDWELL whether to BUY this stock at current valuation. The delivery percentage of GRINDWELL is 49.77% is very crucial parameter which shows that 49.77% investors are anticipating that the price of GRINDWELL share should go up with VWAP at 2274.91.

Now, the main question is whether to BUY or SELL, NSE:GRINDWELL at current valuation.
As per latest Analysis No. #594:-

⇑ STRONG BUY GRINDWELL if All Greens

⇗ BUY GRINDWELL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD GRINDWELL (With Stop Loss) if only 1 Green

⇘ SELL GRINDWELL if NO Green Indicator

NSE: GRINDWELL Share Price Today (May 15, 2024)

(Grindwell Norton Ltd. Daily Analysis on the basis of GRINDWELL Intraday Graph & Trend)

Grindwell Norton Ltd. share price moved Up by 1.45% from its previous close of Rs 2250.1. GRINDWELL stock last traded price is 2282.80. GRINDWELL share price trend is Up with a total of 48010 stocks traded till now. It has touched an intraday high of Rs 2290.00 and an intraday low of Rs 2230.00. The GRINDWELL trading at 2282.80, Up by Rs. 32.70, or 1.45 percent which suggests that most of the Traders are anticipating that the price of GRINDWELL share should go Up.

NSE: GRINDWELL Share Price Tomorrow Prediction

(Grindwell Norton Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of GRINDWELL)

Grindwell Norton Ltd. share price moved Up by 1.45%. GRINDWELL share price short term trend is Up. It suggests that GRINDWELL Share Price for Tomorrow remains the same with VWAP at 2274.91 will be treated as stop loss for intraday traders. Grindwell Norton Ltd. Long term investors can follow the GRINDWELL long term trend as mentiond in future forecast table.

NSE Code

NSE: GRINDWELL

GRINDWELL Share Price Today

 2282.80

GRINDWELL Share Price Target Prediction for 2024 ^

 2098.5 - 2507.4

GRINDWELL Share Price Target Prediction for 2025*^

 2507.4 - 2671.1

GRINDWELL Share Price Target Prediction for 2026*^

 2671.1 - 2858.1

GRINDWELL Share Price Target Prediction for 2027*^

 3001

GRINDWELL Share Price Target Prediction for 2028*^

 3087

GRINDWELL Share Price Target Prediction for 2030*^

 3365
GRINDWELL Current Book Value 2023
184.3

*Grindwell Norton Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^GRINDWELL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

GRINDWELL Technical Analysis

Candlestick Pattern: @2282.8

GRINDWELL Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 2217.7 BUY 2230.84 BUY
MA_12 2164.3 BUY 2177.37 BUY
MA_20 2130 BUY 2148.79 BUY
MA_32 2084.71 BUY 2120.2 BUY
MA_50 2055.38 BUY 2112.85 BUY
MA_100 2143.84 BUY 2120.43 BUY
MA_200 2159.53 BUY 2120.52 BUY

GRINDWELL Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 2268.39 OverBought
MACD 14.8 BUY
ADX 25.6 Strong Trend
DMI (+/-) 26.78 / 15.33 Uptrend

GRINDWELL Momentum Oscillators

BUY (9) NEUTRAL (3) SELL (0)
Momentum Oscillators Value Action
RSI 72.66 Overbought
STOCHASTIC_K (Fast) 97.85 Overbought
STOCHASTIC_D (Slow) 89.44 Overbought
CCI 168.74 BUY
PSAR 2055.65 BUY
TRUE RANGE 60 Neutral
ATR 69.03 Neutral
WILLIAMS R -3.03 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM 212 BUY

GRINDWELL Last 1 Year Trend

Duration Value
1 Year 20.13%
3 Months 0.72%
1 Month 10.24%
1 Week 5.71%

GRINDWELL Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 90%
NEUTRAL / HOLD 10%
SELL 0%

Most popular Questions & Answers about GRINDWELL


Grindwell Norton Ltd. stock last traded price is 2282.80. GRINDWELL share price moved Up by 1.45% from its previous close of Rs 2250.1.

Grindwell Norton Ltd. share price trend is Up with a total of 48010 stocks traded till now. It has touched an intraday high of Rs 2519.95 and an intraday low of Rs 2230.00. The GRINDWELL trading at 2282.80, Up by Rs. 32.70, or 1.45 percent which suggests that most of the Traders are anticipating that the price of GRINDWELL share should go Up and the Stop Loss will be around 2274.91.

The market cap of Grindwell Norton Ltd. is ₹20632.2 (in Cr) as of May 14, 2024.

The current price to earning ratio for Grindwell Norton Ltd. as of May 14, 2024 is 72.62.

The current price to book ratio for Grindwell Norton Ltd. as of May 14, 2024 is 12.32.

The highest price of Grindwell Norton Ltd. stock is ₹2495.00 in the last 52-week.

The lowest price of Grindwell Norton Ltd. stock is ₹1875.20 in the last 52-week.

Grindwell Norton Ltd. share trading at ₹2282.80, Up by Rs. 32.70, or 1.45 percent which suggests that most of the traders are anticipating that the price of GRINDWELL share should go Up.

In 2023, Stock price target for Grindwell Norton Ltd. (GRINDWELL) are ₹2098.5 on downside and ₹2507.4 on upside. Grindwell Norton Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Grindwell Norton Ltd. (GRINDWELL) are ₹2507.4 on downside and ₹2671.1 on upside. Grindwell Norton Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Grindwell Norton Ltd. (GRINDWELL) are ₹2671.1 on downside and ₹2858.1 on upside. Grindwell Norton Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Grindwell Norton Ltd. (GRINDWELL) will be around ₹3087 Grindwell Norton Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of GRINDWELL.

As per the fundamental analysis of Grindwell Norton Ltd. (GRINDWELL), it is of Economical quality in terms of earnings and profit margins with an EPS of 34.39. Grindwell Norton Ltd. book value per share as of today is 185.25. The current price to book ratio for GRINDWELL as of May 15, 2024 is 12.32.


NSE:GRINDWELL News & Other Useful Information about GRINDWELL Share Price


Peer Comparison of NSE: GRINDWELL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Abrasives

Company Price EPS BV
GRINDWELL 2282.80 34.39 185.25
CARBORUNIV 1533.50 18.41 105.46
WENDT 13982.60 197.5 960.05
ORIENTABRA 49.95 1.56 21.64
Updated at: 15 May 2024 15:30

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