Birla’s huge paints wager rattles Asian Paints’ India reign, CFO Information, ETCFO

Birla’s huge paints wager rattles Asian Paints’ India reign, CFO Information, ETCFO

India’s prime paint maker, Asian Paints, has misplaced extra market share than analysts anticipated to rival Grasim Industries within the yr since billionaire Kumar Mangalam Birla’s formidable paints enterprise was launched, in line with Elara Securities knowledge shared solely with Reuters. Asian Paints’ market share fell to 52 per cent from 59 per cent within…

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One-third of NSE 500 shares now cheaper than pre-covid valuation, ETCFO

One-third of NSE 500 shares now cheaper than pre-covid valuation, ETCFO

A few third of NSE 500 shares are cheaper than their pre-Covid valuations, as measured by price-to-earnings (PE) and price-to-book (P/B) ratios. Following the sharp market correction since October 1, a number of blue-chip corporations are 10-60% under March 2020 ranges by these key metrics. They embrace HDFC Financial institution, Bharti Airtel, ICICI Financial institution,…

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