Grasim Industries Jumps To Record High On Foraying Into Paints Business

Shares of Aditya Birla Group Company, Grasim Industries, rose as much as 6 per cent to hit record high of Rs 1,065 on the National Stock Exchange after the company informed exchanges that it plans to enter paints business. The company plans to manufacture, sell, trade, import and export and otherwise deal in all types of paints and allied products and services as it believes this sector is likely to be value accretive to its stakehol...