“Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets,” said CLSA’s analysts Aditya Soman and Vatsal Dujari in a client note. “…we believe near term its growth and margins will not be immune to this competitive pressure although it may maintain its long-term market position.”
Bajaj Finserv shares rise 2%, extend gains after Q2 results. Why Jefferies reduced target price but still sees 34% upside
Bajaj Finserv shares had gained around 2% on Tuesday as well after the company announced the earnings, reporting a 17% YoY increase in revenue from