Companies having exposure to the Discretionary segment (Dyes, Pigments and Polymers) performed better.
The management has laid out an ambitious target of Rs.100bn in third year of full scale operations
The remarks coincide with industry participants placing large bets on the ornamental cement market
The paint manufacturing facilities owned by the Birla Group are situated at Cheyyar (Tamil Nadu), Panipat (Haryana), and Ludhiana (Punjab).
Companies invested the incremental gross profit in their marketing spend in Q3 keeping festive season in mind.
Asian equities are trading in mixed sentiments on Wednesday
Growth is driven by PLI led volume ramp-up in Mobiles and Telecom portfolios.
The Govt. of India is laying high emphasis on renewable energy and electric vehicles
Opex is expected to remain elevated with NBFCs continuing to invest in tech and geog/product expansion.
These funds will improve the bottom line of the insurer.

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