The combined market size of the building material sector could touch Rs 2.7 trillion by FY26 from Rs 1.3 trillion in FY22
The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore
The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year.
Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore
Sales performance in the festival season was muted; volumes expected to recover
Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.
The initial capacity to be set up would be 265,000 tonnes per annum. In addition, clinker grinding would be set up in India as well