A Blow to Asian Paints - Birla Opus Launched by Aditya Birla Group

Asian Paints stock has fallen by 5.6% after Grasim Industries launched ‘Birla Opus’ brand. Aditya Birla Group is aiming a target of Rs 100 billion revenue in the next 3 years. Even Hongkong based brokerage has downgraded Asian Paints to ‘Sell’ from ‘Underperform’. This will cut company’s FY25 and FU26 earnings estimates.