Tag: Grasim Industries

The Nifty is likely to witness some consolidation or price corrections in the near term, but the overall sentiment remains positive. Traders can look to buy dips in Grasim Industries and SBI Life Insurance Company for short-term gains.

Grasim Industries to enter paint business under the brand name Birla Opus. Market launch scheduled for Q4FY24. Company has committed an investment of Rs.10,000 crore. Aim is to become a profitable No. 2 player in the coming years. ICICI Securities has given a buy rating and said that if the entry into the paints business is successful, it can drive up significant valuation rerating over the next 2-3 years.