GRAVITA INDIA, an Indian multinational company, has seen a significant increase in institutional interest over the last quarter, with the number of institutions holding positions rising by 8.33% to 13. This surge in interest is reflected in the total institutional shares, which have risen by 13.98% to 214K. Key institutions include DFCEX - Emerging Markets Core Equity Portfolio with 64K shares, Dfa Investment Trust Co - The Emerging Markets Small Cap Series with 41K shares, JNL SERIES TRUST - JNL Multi-Manager Alternative Fund with 36K shares, BELSX - Boston Partners Emerging Markets Long with 23K shares, and DFEM - Dimensional Emerging Markets Core Equity 2 ETF with 14K shares.
In addition to the increased institutional interest, GRAVITA's one-year price target has been adjusted to $1,104.15 per share. This represents an 18.31% rise from the previous target of $933.30 per share and indicates a potential 12.49% increase from the current closing price based on analyst targets between $924.15 and $1,312.50 per share.
The company's dividend yield stands at 0.44%, and its dividend payout ratio is 0.13. This low income distribution as dividends suggests growth prospects for the company, further reinforced by a three-year dividend growth rate of 5.21%.
The average portfolio weight dedicated to GRAVITA has also increased by 17.15%, reflecting the growing confidence in the company's potential for growth and profitability. This data was compiled by Fintel as part of their Smart Investing initiative.
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