Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.
Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25
Company to launch products by March 2024, take on Asian Paints and new entrants such as JSW
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
Tech Mahindra was ranked second with a sustainability score of 46, followed by Tata Power and Wipro
Going ahead, charts indicate likely revival in investor sentiment with further uptick in prices.
Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.
In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY
Deleveraging and traction in paints business key for further gains