Shares of oil marketing companies (OMCs), oil and gas explorers, aviation, tyre, logistics, paint, among other stocks impacted by oil prices, will be in focus during tomorrow’s trading session (March 15). This comes after the government lifted the freeze on retail prices of petrol and diesel for the first time today in two years (rates …
Shares of Asian Paints fell nearly 5% on Monday to the day’s low of Rs 2,847.80 on the NSE in the opening trade after CLSA downgraded the stock to ‘Sell’ from an earlier rating of ‘Underperform’. In its review of the stock, the Hong Kong-based brokerage maintained that growing competition could have an impact on …
Aditya Birla Group led-Grasim Industries Ltd is set to disrupt the oligopolistic Indian decorative paints industry with its strong distribution strategy and manufacturing prowess. Under its paints brand, Birla Opus, six plants are set to come on stream by the end of FY25. Collectively, these plants would expand the domestic paints industry’s current capacity of …
New Delhi: India’s largest paints company Asian Paints Ltd reported a consolidated net profit of ₹1,447.98 crore for the December quarter, up 35% from ₹1,072.67 crore a year ago on the back of softening raw material prices and growth in luxury products. Revenue during the quarter rose by 5.4% to ₹9,074.9 crore primarily due to …