Gravita IndiaCLSAMetal StocksRecyclingIndia Metals
Gravita India Stock Rises 4%, CLSA Sets ₹1,980 Target, 35% Upside
Published: October 12, 2026
Gravita India shares jumped 4% to ₹1,511.3 after CLSA’s new coverage, which set a ₹1,980 price target implying a 35% upside from last Friday’s close. The rating upgrade to ‘outperform’ has also drawn attention to the company’s potential amid India’s recycling‑led metal shift.
Gravita India shares leapt 4% to ₹1,511.3 on Monday after CLSA unveiled a new ‘outperform’ rating and a ₹1,980 target, signaling a 35% upside from the stock’s Friday close.
The target sits just above the company’s 52‑week high of ₹1,913.6, yet the share is currently down 20% from that peak and 19% YTD.
CLSA’s note frames Gravita as a beneficiary of India’s pivot to recycling‑led metal supply, noting the firm’s deep scrap sourcing network and scalable multi‑metal platform. Copper, in particular, is slated to lift revenue and EBITDA mix to 44% and 41% respectively by FY2030, up from negligible levels today.
Projected CAGRs of 41% for revenue and 36% for EBITDA through FY2030 underscore the upside, though analysts flag higher working‑capital intensity and potential scrap‑export restrictions as risks.
With all 11 analysts holding a ‘buy’, the consensus price target hints at a 33% upside from today’s price, reinforcing the bullish sentiment amid a broader sector focus on recycling and copper expansion.