Grasim Industries share price has fallen over 3% intra-day after the company reported its Q2FY26 results and the CEO of the Paints segments stepped down. Key brokerage firm Nuvama Institutional Equities raised the target price on the stock while maintaining the ‘Hold’ rating on the stock.

Nuvama raised the target price on Grasim Industries to Rs 3,198 from Rs 2,971, implying an upside of 11% from the current market price.

Nuvama on Grasim Industries: Long-term potential in paint segmentThough Nuvama trimmed FY26 EBITDA by 3%, they feel Grasim “is a value play given the global VSF cycle is at a near-bottom and potential long-term value for the paint segment.” As per the management, Birla Opus outpaced the decorative paints industry (including putty) in Q2FY26.

Grasim Industries repor

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