Page 2 - Grasim Industries

CCI revises probe order against Asian Paints, removes previous findings

The Competition Commission of India revises its probe order against Asian Paints, removing references to previous findings of dominance, amid a complaint by Grasim Industries

Reviewing CCI order, will take appropriate legal recourse: Asian Paints

Asian Paints is reviewing the order passed by fair trade regulator CCI directing a probe against the country's leading paint maker for alleged abuse of its dominant position in the market and said it plans to take appropriate legal recourse. Asian Paints said it will cooperate with the Competition Commission of India (CCI) in the investigation over allegations of exclusionary practices. "The company is currently reviewing the order and will take appropriate legal recourse. The company remains committed to fully cooperating with the CCI during the course of the investigation," Asian Paint said in a late night regulatory filing on Thursday. Earlier this week, CCI ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sales of decorative paint over the complaints filed by Aditya Birla group firm Grasim Industries. Grasim, a new entrant in the domestic paint industry with brand Birla Opus, had accused Asian Paints o

CCI orders probe into Asian Paints over alleged abuse of dominance

CCI finds prima facie evidence of anti-competitive conduct by Asian Paints after Grasim alleges dealer coercion, denial of market access and other unfair practices

HDFC Bank, HDFC Life, Grasim, Max Health among 6 BSE100 stocks at new highs

Stocks at new highs: The private sector lender AU Small Finance Bank and telecom giant Bharti Airtel from BSE100 index hit their respective all-time highs in Thursday's intra-day trade.

Grasim Industries paints fresh coat, drains market colour from rivals

Firm's mcap surges 84% in 4 years; combined mcap of rivals slips 23%

Grasim: Investors bet on paints, ignore weakness in core business

Investors and analysts are betting on a fast ramp-up in paints division and its e-commerce venture of selling construction goods

Why is Morgan Stanley bullish on Grasim Industries in the medium-term?

Grasim Industries shares jumped in trade after New York, US-based brokerage Morgan Stanley upgraded the rating to 'Overweight', from 'Equal-weight.'

Grasim Q4FY25 profit increases 9.2%; gains 10% share in paints market

Grasim Industries posts strong Q4 with 9.2% rise in profit and 17.3% revenue growth led by cement, paints and financial services while FY profit dips on higher costs

Birla's big paints bet hits Asian Paints' market share in just one year

Birla Opus' market share reached 6.8 per cent in the latest quarter

Stocks to Watch, March 5: Adani Wilmar, Coforge, Biocon, Ola Electric, RVNL

Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets

Stocks to Watch, Feb 11: Nykaa, Berger Paints, Vi, Eicher Motors, GAIL

Stocks to Watch on February 11, 2025: From Nykaa to Berger Paints, here is a list of stocks that will be in focus today

Q3 results Feb 10: Eicher Motors, Apollo Hospitals to post earnings today

Q3 FY25 company results, February 10: Bata India, Crisil, Grasim Industries, Ramco Industries, Patanjali Foods, and Varun Beverages among 298 firms to release their earnings report for the Dec quarter

From backseat to driver's seat, rights issues take the wheel in 2024

From coasting to leading, they seize control of fundraising road in 2024

Cement shares in demand; UltraTech, Shree, JK, Dalmia Bharat gain up to 5%

While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.

Grasim Industries Q2FY25 results: Net profit falls 45.6% to Rs 1,100 crore

Aditya Birla Group flagship holding firm Grasim Industries Ltd on Thursday reported a 45.64 per cent decline in consolidated net profit to Rs 1,100.16 crore for the September quarter, impacted by lower profitability in the cement business and investments in the Building Materials and Renewables businesses. The company had posted a net profit of Rs 2,024.05 crore during the July-September period a year ago, according to a regulatory filing by Grasim Industries -- the holding firm for leading group companies such as UltraTech, Aditya Birla Capital, and Aditya Birla Renewables. Its revenue from operations was up 11.05 per cent to Rs 33,562.85 crore during the quarter under review from Rs 30,220.68 crore a year earlier. The revenue growth was "driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses", Grasim Industries said in an earning statement. However, consolidated EBITDA declined "as a result of lower profitability in th

FIIs up long bets in Nifty, long-short ratio hops to 3:1; retail add shorts

Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

Grasim records Rs 1.30 trillion revenue for FY24, driven by cement business

For FY24, Aditya Birla Group's flagship company, Grasim Industries' board of directors has proposed a dividend of Rs 10 per equity share, amounting to a total cash outflow of Rs 669 crore

Grasim revenue up 9% at Rs 33,861 cr; net profit falls 23.4% to Rs 1,208 cr

Grasim Industries to invest Rs 4,553 crore in FY25

ICICI Bank, TCS, Grasim: 5 F&O stocks with high PCR for your watchlist

F&O trading strategy: A high OI-based PCR suggests that traders were expecting limited downside at these counters, and were comfortable writing Puts.