A new picture unfolds in paints biz
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. The commercial launch is scheduled for the March quarter (Q4FY24).
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