GRASIM PAINT
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
What should investors do with cement stocks? Sanjay H Parekh answers
On consumption, we are underweight, in fact we do not own any FMCG stock right now and we have taken sectoral deviations to get the alpha. So, overall the very simple view was overweight domestic, global underweight.
Not a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal
Abhay Agarwal, Founder & Fund Manager at Piper Serica, discusses market focus on earnings, growth, and India's economic potential post-event. Grasim's expansion into the paint segment and Titan's nervousness are key points. Agarwal also says he expects the Birla Group will get re-rated because of various things they are doing like the Novelis IPO which was pending for a long time, which will unlock capital for Hindalco.
Grasim Q4 revenue at record Rs 37,727 crore
While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
Grasim Q4 Results: Net profit jumps 39% YoY to Rs 1,908 crore; revenue rises 13%
Grasim Q4 Results: The net profit stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs 4,873 crore in the corresponding period of previous year.
Not election result, if Budget doesn’t throw negative surprises, market set for a decent move: Sandip Sabharwal
Sandip Sabharwal emphasizes the importance of taxation in the upcoming Budget and advises a tactical approach with cash reserves. Sabharwal says foreign investors will return to India once it gets established that US inflation is clearly on the way down and the US dollar starts to weaken, India including all emerging markets will get substantial foreign investor flows
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Berger Paints India Q4 Results: Standalone net profit falls over 7% YoY to Rs 181.6 crore
Berger Paints India has crossed Rs 10,000 crore in sales and Rs 1,000 crore in profit in 2023-24 (Apr-Mar), helped by double-digit growth in sales volume and operating profit growing by nearly a fourth.
Rivals’ pricing tactics won’t impact Asian Paints’ plans: CEO
Asian Paints stays committed to investing in brand value and capacity expansion, unfazed by new market entrants' pricing strategies. The company's growth outlook remains positive, with a focus on customer loyalty, retail expansion, and strategic investments.
We would keep 12-15% cash and wait for stocks that would outperform over next 12 months: Sandip Sabharwal
Sabharwal sees market correction due to weight, not elections. Global markets flourish, India shifts investments to China. Sabharwal says: "My base case is continuity and to that extent we would be more near 12% to 15% cash and waiting to buy into stocks and sectors which we think would offer outperformance potential over the next one year."
Asian Paints shares gain 3% after Q4 results. Should you buy, sell or hold?
Asian Paints Share Price: Asian Paints shares rose 3% to Rs 2,792 despite Q4 results missing estimates, with a 2% YoY increase in net profit to Rs 1,257 crore. Brokerages maintain a 'sell' view due to anticipated decline.
Grasim Industries raises Rs 1.2k cr from IFC for paints biz
Birla Opus aims to have a higher usage of renewable energy and water recycling at its manufacturing plants, and IFC's investment will help this decarbonisation process, Grasim said on Tuesday. "We will work collaboratively with IFC to further enhance our sustainability footprints," managing director HK Agarwal said. "We are addressing the transition to a low-carbon economy through our renewable projects and energy-efficient products."
IFC picks up Rs 1,250 cr worth sustainability-linked Grasim NCDs
Recently, the Aditya Birla group entered the decorative paints segment with Birla Opus, and had set a target of becoming a Rs 10,000-crore company within three years of full-scale operations.
View: How monopoly businesses and a consolidating industry hurt consumers and drive economic inequality
Entrants challenge Asian Paints in India's decorative paints sector. Industry consolidation impacts stakeholders. Zephyr Teachout and Viral Acharya advocate curbing monopoly practices for consumer welfare. CCI's role in overseeing big business growth is crucial amid sector consolidation.
Buzz on Tata Sons IPO speculative; future seems dull for paints companies: Mahantesh Sabarad
Mahantesh Sabarad says: "Asian Paints faces competition from Grasim and JSW Paints. The future does not seem to be very good for all the paint companies given all this competition that we are seeing because there is a limited market. It may be growing, but the growth available now for entrenched players will be limited."
Look at shorting REC, PFC as well as FMCG stocks; expect a lot of selling in market in March: CA Rudramurthy BV
CA Rudramurthy BV is bullish on the market but expects a correction. At the index level, he feels a correction of 5% to 10% and at mid and smallcap level a correction of 20% in general is very good for the market. He recommends selling REC and PFC, shorting FMCG stocks, and provides target prices for shorting REC and PFC in F&O. He advises waiting for lower levels to buy and emphasizes risk-reward ratio.
Grasim Industries ventures into paint business with Birla Opus, eyes second-largest position in the sector
Grasim Industries, part of the Aditya Birla Group, enters the paint business with the launch of Birla Opus, intensifying competition in the decorative paints sector. Grasim aims to become a profitable No. 2 player, doubling its planned investment to Rs 10,000 crore for paints in FY23. The Indian paints and coatings industry is expected to grow to Rs 1 lakh crore in the next five years.
15-20% upside possible in Castrol; 2 real estate stocks to buy now: Hemang Jani
Hemang Jani recommends considering midcap companies like Mahindra Lifespace and Anant Raj for potential upside of 18-20%. He also discusses positive outlook on Castrol, ICICI Bank, Federal Bank, L&T, and Asian Paints in their respective sectors and says he sees a case for a 20-25% kind of an upside in green energy stocks even from the current price point
Mukka Proteins IPO price band set at Rs 26-28/share. Check lot size and other key details
The issue will be a book-building process where investors will be allowed to make bids for a minimum of 535 shares and in multiples thereafter. Up to 35% of the issue has been reserved for retail investors while non-institutional investors have been allocated 15%.
Asian Paints shares fall 5% on Grasim's entry into paint business, CLSA downgrade
The review comes on the back of Grasim Industries’ foray into the paint business. CLSA said the industry will likely see a significant uptick in competition, thereby cutting its FY25/26CL estimates by 8/10%. The brokerage also lowered its target price from Rs 3,215 to Rs 2,425.
Paint industry not investable now; ABB an outlier? Sandip Sabharwal explains
Sandip Sabharwal says: Grasim aims to disrupt the paint industry dominated by Asian Paints and Berger Paints. FMCG companies resort to inorganic acquisitions for growth. ABB beats expectations, valuations are high. Sugar stocks face a temporary setback but show potential for positive trends after April. ABB not only has been beating analysts expectations. But at this price, it is tough to recommend that you should buy ABB now.
Grasim's big splash into paints may see others lose colour
But as Grasim's entry takes the sheen off most of the incumbents, their stocks, too, could lose colour. Grasim had announced its foray in the paints business a little over 3 years ago with an initial investment of ₹5,000 crore, which it then doubled to ₹10,000 crore.
In 2-3 years, can the paints business account for 15-20% of Grasim profit? Kaustubh Pawaskar answers
Kaustubh Pawaskar of Sharekhan says "Grasim Paints poses a threat to smaller players in the paint industry, while Asian Paints' market share remains stable. Pricing competition and distribution expansion is going to impact margins. ITC's potential acquisition of Prataap Snacks aligns with its FMCG growth strategy, leveraging distribution and manufacturing capabilities."
How will Grasim's entry impact Asian Paints, Berger? Amnish Aggarwal answers
Amnish Aggarwal of Prabhudas Lilladher says: "The entry of Grasim into the paints space may have an uncertain impact on the valuation, market share, and sustainability of Asian Paints and Berger. While initial gains are possible, the upcoming festival season and the near to medium term will be key factors to watch."
Sanjiv Bhasin on 3 stocks to play FMCG & QSR combo; 2 paint stocks to bet on
Sanjiv Bhasin recommends Bata and Patanjali in the FMCG space due to the positive growth of rural incomes. He discusses Hindalco's subsidiary, Novelis, considering an IPO in the US and comments on the potential deal and volatility surrounding Zee. He also emphasizes the importance of work-life balance and contrarian investing in the retail-driven market.
Heavyweights lag, but new leaders give wings to rally
Shares of some of India's best companies - HDFC Bank, Infosys, Asian Paints, Bajaj Finance, HDFC Life and Hindalco - among a dozen stocks on the 50-stock Nifty have declined in the last two years as the NSE's benchmark index returned over 28% during this period.
Grasim starts trial run for paints business, on track to launch by March
The Aditya Birla group company announced its foray into this business in 2021 with an investment of Rs 10,000 crore, and intends to be the second largest player in the country over the next few years. It will be launching operations with a capacity to produce 1.33 million litres at its six manufacturing units across the country.
Positive on Asian Paints from a one-year perspective: Abneesh Roy
Abneesh Roy of Nuvama is positive on Asian Paints from a one-year perspective despite the overall consumption slowdown. The company reported a 12% volume growth in Q3, thanks to the festival season and strong wedding demand. Asian Paints' margins also improved significantly, exceeding expectations. However, the stock price dip can be attributed to the overall weak market conditions and concerns about Grasim's entry.
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