Asian Paints: Asian Paints slumps on CLSA's sell rating
"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."
Source: indiatimes.com