Grasim At Life-Time High In Early Trade On Launch Of New Paints Business | TP: 2,250 | Paint Stocks

Grasim Industries is poised to revolutionize the paints sector with its new Birla Opus product line, signalling a significant shift in industry dynamics. With its entry, competition within the paints segment is anticipated to escalate. Notably, Grasim allocated a substantial portion, 49 percent, of its Rs 4,900 crore capex outlay for the current fiscal year to bolster its presence in the paints business. The company's strategic approach involves prioritizing major urban centers initially, followed by expansion into smaller markets. Although the company's stock initially surged to record highs during early trading hours, it later experienced a downturn. Leading analysts, such as Rajesh Palviya, are recommending a revised target price of Rs 2,250 per share for the company.