Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Berger Paints India Ltd rose 1.03% today to trade at Rs 588.3. The BSE Consumer Durables index is up 0.41% to quote at 60269.94. The index is up 3.14 % over last one month. Among the other constituents of the index, Asian Paints Ltd increased 1.02% and Dixon Technologies (India) Ltd added 0.62% on the day. The BSE Consumer Durables index went up 2.14 % over last one year compared to the 4.07% surge in benchmark SENSEX.
Berger Paints India Ltd has added 2.97% over last one month compared to 3.14% gain in BSE Consumer Durables index and 1.43% rise in the SENSEX. On the BSE, 185 shares were traded in the counter so far compared with average daily volumes of 30329 shares in the past one month. The stock hit a record high of Rs 629.6 on 17 Sep 2024. The stock hit a 52-week low of Rs 437.8 on 30 Dec 2024.
According to the CCI's order dated July 1, Grasim alleged that Asian Paints was using restrictive trade practices to stifle competition. The complaint claimed that the company was discouraging distributors from selling Birla Opus products by offering incentives such as foreign travel and discounts in exchange for exclusivity. These benefits, it was alleged, were not based on any uniform dealer policy or performance metrics.
Grasim further stated that dealers who chose to stock Birla Paints faced several forms of retaliation. These included reduced credit limits, increased sales targets, withdrawal of incentives, and lower servicing priority. It was also alleged that Asian Paints curtailed access to customer leads and institutional business for such dealers, sometimes opening competing dealerships in their vicinity as a form of pressure. The complaint went on to allege that Asian Paints directed its dealers to reject tinting machines supplied by Birla Paints, restrained third-party suppliers from engaging with the new entrant, and coerced landlords, clearing and forwarding agents, and transporters to sever ties with the company. Grasim also claimed that it was subjected to a smear campaign.
Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It operates in 15 countries with 27 manufacturing facilities globally and has been a market leader since 1967.
In a statement, the company said it is reviewing the order and will consider appropriate legal action. It also affirmed its commitment to cooperating fully with the CCI throughout the course of the investigation.
The company’s consolidated net profit tumbled 44.92% to Rs 1,256.72 crore on 4.27% decline in revenue from operations to Rs 8,329.59 crore in Q4 FY25 over Q4 FY24.
Asian Paints Ltd fell 1.06% today to trade at Rs 2343.75. The BSE Consumer Durables index is down 0.21% to quote at 59915.22. The index is up 3.82 % over last one month. Among the other constituents of the index, Berger Paints India Ltd decreased 1% and Voltas Ltd lost 0.38% on the day. The BSE Consumer Durables index went up 1.43 % over last one year compared to the 5.47% surge in benchmark SENSEX.
Asian Paints Ltd has added 3.38% over last one month compared to 3.82% gain in BSE Consumer Durables index and 2.97% rise in the SENSEX. On the BSE, 7307 shares were traded in the counter so far compared with average daily volumes of 59990 shares in the past one month. The stock hit a record high of Rs 3394 on 16 Sep 2024. The stock hit a 52-week low of Rs 2125 on 04 Mar 2025.