Both core and subsidiary businesses, barring telecom, have been performing well and promise growth. Analysts are getting bullish on Grasim Industries, expecting strong standalone earnings growth and large free cash flows in the next 2-3 years. Grasim is a global viscose staple fibre (VSF) major and, along with its group companies, has a global VSM market share of 17%. In recent years, the global rise in demand for VSF has been much higher compared to competing products such as cotton, polyester, etc. This explains why Grasim is operating its VSF facility at close to full capacity levels, despite having recently raised its capacity by 50%. Global VSF capacity additions are happening slowly due to stricter environmental norms. To capitalise on the opportunity, Grasim is planning to increase its VSF capacity by another 50% in the coming years. Buy: 10 Sell: 1 Hold: 3 The company commands higher margins due to its product mix and also has clear advantage over its rivals due to its high...