Grindwell Norton may go North (Positive)

Grindwell Norton Ltd. is a company involved in business related to Industrial Abrasives, adhesives, High performance ceramics and plastics, exterior architectural products and products related to cyber security and infrastructure. For abrasives in the industry the company has a cult status. CMP of the company is 1936.15. Negative aspects of the company are that they have high valuation (P.E = 62.7). At the same time positives aspect of the company are that FIIs and MFs are increasing stake. Debt on the company is very low and there is Zero promoter pledge. Book value of the share and annual net profit of the company is improving. Entry in the stock can be taken after closing above 1953. The target will be 2042. Closing above 2042 can open the doors for 2113 and 2192. Stop Loss should be maintained at a closing below 1780.