Grasim shares rose 2.2% after Q1 EBITDA beat estimates, driven by higher caustic soda volumes and strong new business performance.

• Analysts raised price targets, with Jefferies and Motilal setting a street-high target of 3,500 rupees after strong Q1 results.
• Median price target increased to 3,266.5 rupees from 3,225 last month, as four analysts revised their targets upward.
• Year-to-date, Grasim shares have risen 12.4%, significantly outperforming the Nifty 50 index, which gained only 3% overall.