Asian Paints shares slide 4% on rating downgrade post Birla Opus launch
The paint heavyweight has fallen 5.6% in two sessions after the launch of ‘Birla Opus’ by Aditya Birla Group flagship Grasim Industries last Thursday.
grasim industries company
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Grasim Ind shares rise 2% on ₹4,000 cr rights issue plan
The capital raised through rights issues will be used to establish Grasim as India’s second largest decorative paints player.
Chemical firm Lubrizol to invest ₹1,229 cr to build CPVC resin plant in Gujarat
The U.S.-based company also plans to double capacity at its site in Dahej, Gujarat, and open a grease lab in Navi Mumbai.
Birla to disrupt paints business, eyes 2nd spot
Grasim will launch its paints in early 2024. Grasim's capacity target of 1.3 billion litres is huge, considering Asian Paints' 1.73 billion litres capacity in FY20.
Sensex, Nifty to open in green; Coal India, BPCL, Grasim, NALCO shares in focus
The Sensex and Nifty are poised to open higher on Wednesday, following positive cues from Asian peers and firm trading on the SGX Nifty futures.
Grasim Industries profit up 122% to ₹1,068 cr; revenue rises 45%
Grasim's board recommends a dividend of ₹5 apiece for FY22, and a special dividend of ₹5 apiece, taking the total dividend to ₹10 apiece.
Grasim's next act
Rayon done, Cement done. With cash aplenty at the Aditya Bikram Birla group company, what will be its next big coup?
