Grasim Falls 6% After Paints CEO Exit; Britannia Gains 2.5% on New Appointment

Grasim Industries shares dropped 6% after Birla Opus head Rakshit Hargave resigned, seen as a “negative surprise” by Jefferies, despite 52% YoY profit growth. Britannia shares rose 2.5% as Hargave became its new CEO, with Q2 profit up 23%. Investor sentiment may stay cautious for Grasim in the near term.