Birla Opus

Grasim Q4 results: Grasim Q4 revenue at record Rs 37,727 crore

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Grasim Q4 results: Grasim Q4 revenue at record Rs 37,727 crore

Mumbai: Anchored by a strong performance in its cement and financial services businesses, Grasim Industries clocked in a 13% growth in its consolidated revenue for the March quarter, which took it to an all-time high of ₹37,727 crore. While operating profit of the flagship company of the Aditya Birla Group jumped by a little over … Read more

Asian Paints: Asian Paints slumps on CLSA’s sell rating

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Asian Paints: Asian Paints slumps on CLSA’s sell rating

Mumbai: Shares of Asian Paints slumped 3.9% on Monday after brokerage CLSA downgraded its rating on the stock to ‘sell’ following the entry of Birla Opus into the industry. The firm slashed its price target to ₹2,425 from ₹3,215, implying a downside of over 15% from Monday’s closing price of ₹2,868.40. “Birla Opus is the … Read more