Industries: Basic Materials - Third


Pinakin Parekh J.P. Morgan

Making the third team, Pinakin Parekh of J.P. Morgan impresses voters with “convincing action points,” says one constituent. In June 2010, Parekh upgraded Grasim Industries from neutral to overweight, as a bargain at 1,761.70 rupees, largely on the Nagda-based diversified manufacturer’s dominant position in viscose staple fiber, an artificial cotton-like substance in high demand for textiles. The stock shot up 30.6 percent, to Rs2,300.20, and bested the sector by 32.1 percentage points, through May. “He charts out a road map that helps us maximize profits,” attests another backer