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.
Negative Breakout: These 7 stocks cross below their 200 DMAs
200 DMA: Rs 1429.84| LTP: Rs 1406.3