Introduction
Paint sector companies in the Indian stock market are experiencing significant growth, indicating a promising future for this sector. As a result, a major player, Birla Opus, is entering the paint sector. In this article, we will explore the names of companies in the paint sector, their past returns, and how Birla Opus plans to capture this sector.
Paint Sector Companies and Market Cap
The largest player in the paint sector is Asian Paint Company, with a market cap of Rs 3,09,619.46 crore. Burger Paints India follows closely behind with a market cap of Rs 70,185.28 crore.
Returns in the Paint Sector
Over the past 6 months, several paint sector companies have delivered impressive returns. Retina Paints recorded returns of 92.30%, Indigo Paints achieved returns of 47.94%, Kansai Nerolac Paint saw returns of 26%, and Burger Paints India shares yielded returns of 21%. Asian Paint also provided returns of 14% during this period.
Birla Opus: Entry into the Paint Sector
Birla Opus, a part of the Aditya Birla Group, has made a strategic move by entering the paint sector. Chairman Kumar Mangalam Birla has invested Rs 10,000 crore in this venture, aiming to manufacture 133 crore liters of paint annually. The company plans to set up manufacturing facilities in states such as Haryana, Karnataka, Maharashtra, Tamil Nadu, and West Bengal. With this ambitious plan, Birla Opus aims to become a major player in the paint sector, potentially securing the second position.
Disclaimer: The information provided in this news article is for informational purposes only. Akhandindia.com.in does not provide investment advice. Investing in the stock market carries risks, and it is recommended to seek expert advice before making any investment decisions.
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