Grasim vs Asian Paints in the Paints industry: Grasim's plans to double its CAPEX plans as part of its foray into the Paints business has jolted paints stocks, especially market leader Asian Paints, which has corrected around six percent in trade on Wednesday. With Grasim's planned capacity of making paints estimated to be around 75 percent of Asian Paints FY20 production, the market watchers are seeing the competition intensifying. To its advantage, Grasim can leverage the strong dealer network of its subsidiary UltraTech's Biral White putty brand.