PPGs 270M Deal Ranks 412th as HighVolume Strategy Soars 166 Percent with India JV Renewal

On August 4, 2025, PPG (NYSE:PPG) closed up 0.54% with a trading volume of $270 million, ranking 412th in market activity. The stock’s modest gain coincided with the announcement of a 15-year renewal of its joint venture with Asian Paints Ltd. in India, extending their collaboration through 2041. The agreement, effective in 2026, reinforces PPG’s presence in key sectors including industrial, marine, automotive, and powder coatings, leveraging both firms’ technical and operational strengths.

The renewed partnership, initially established in 1997 and expanded in 2012, maintains a 50-50 ownership structure. PPG retains management control of PPG Asian Paints Private Ltd., while Asian Paints oversees Asian Paints PPG Private Ltd. This arrangement ensures localized decision-making to address India’s growing demand for advanced coating solutions. PPG’s CEO emphasized the strategic value of the partnership, highlighting its role in capitalizing on India’s economic momentum and long-term market potential.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day generated a 166.71% return from 2022 to the present, surpassing the benchmark return of 29.18% by 137.53%. This outcome underscores the impact of liquidity concentration on short-term performance, particularly in volatile markets, where high-volume stocks often exhibit pronounced price movements driven by institutional and algorithmic trading activity.