In April 2004, we advised Equitymaster subscribers to buy shares in this paint company. At that time, Asian Paints was beginning to feel the pinch of rising crude oil prices on its profit margins, facing stiff competition from rivals like Goodlass Nerolac, Berger Paints, and Sherwin Williams. Moreover, its internationalRead More →
Grasim Industries is set to raise funds up to ₹4,000 crore via rights issue, the Aditya Birla subsidiary announced on Monday. The fund raising plan received green signal from the board of Grasim Industries Limited on Monday. The approval was given to raise funds not exceeding ₹4,000 crore by wayRead More →
Rising competition has become a niggling worry for investors in paints stocks, amid fears that the entry of newer companies with deeper pockets could hit the growth prospects of incumbents. Last week, Aditya Birla Group company Grasim Industries Ltd unveiled the much-anticipated brand name of its paints business—Birla Opus. TheRead More →
Also Read: Large cap speciality chemical stock fixes record date for 350% dividend, LIC held 1.40% stake in Q4 It is worth noting that more than 5 Nifty majors will release their quarterly earnings this week. They are Bharat Petroleum Corporation, Hindalco Industries, Grasim Industries, Sun Pharmaceutical Industries, Oil andRead More →
