Paint Stocks

Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.

In the past one month, the stock has underperformed the market by falling 11 per cent, after the company reported a disappointing set of numbers for quarter ended September 2021

Smaller players have already taken hikes and are more impacted from supply disruption

Shares of Ami Organics dropped more than 4 per cent on Friday as the 30-day lock-in period meant for anchor investors ended

Several traders were caught on the wrong foot due to the fall in shares of Tata Steel on Friday

Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in May

The management said the domestic decorative business delivered a stellar performance, registering a 48 per cent volume growth in the quarter, led by robust growth in the premium and luxury product ran

The stock was trading lower for the fourth straight day, down 5.5 per cent during the period

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

The recent reversal in paint stocks may see aggravated buying momentum after conquering significant resistances

Indigo has been consistent in coming out with products that create a new category as well as offer niche products in existing categories

Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent

In the past three months, Asian Paints and Berger Paints have rallied 28 per cent and 19 per cent, respectively as compared to a 4.6 per cent rise in the benchmark Sensex

Asian Paints is scheduled to announce its July-September quarter (Q2FY21) results on October 22, 2020. The board will also consider the payment of interim dividend, if any

In the past three months, Asian Paints (up 22 per cent) and Berger Paints (up 19 per cent) outpaced the benchmark index, which gained 8 per cent during the same period

The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry

Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips

Kansai Nerolac Paints and Shalimar Paints, too, were up 2 per cent each, as compared to 1.4 per cent rise in the S&P BSE Sensex at 01:08 pm

Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.

With the demand likely to remain tepid even after the lockdown is lifted, analysts suggest picking stocks from long-term perspective and focus on firms with low debt levels and a healthy order book