Major players in Paint business like- Asian Paints, Berger, Kansai Nerolac, etc. went down today on 25.05.2022.
Want to know the reason keep reading.
Grasim Industries (Aditya Birla Group Company) made an announcement of entering in Paint business. For this reason Grasim Industries has taken a step to double its CAPEX to 10,000 crores.
In addition to this, paint stocks are under pressure due to increase in Crude Oil prices because of current geopolitical situations.
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