JSW Paints, a unit of the steel-to-cement JSW Group, is a recent entrant into the decorative paints market where Asian Paints holds about 40% share. The company had alleged in 2020 that Asian Paints was using its dominant position in the market to block its entry into the states of Karnataka, Telangana and Tamil Nadu.
Nestle India shares drop 2% after Q4 results. Buy, sell or hold?
The company has also informed the exchanges about changing the financial year from “1st January – 31st December” cycle to “1st April – 31st March”