Iran's missile attacks on the Ain Al-Asad airbase and another in Erbil, Iraq, early Wednesday came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears
Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor
Supportive macros and pricing power to help paint companies clock volume-led profitable growth, but buying on dips is advisable
The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.
Given the pickup in the rural economy and expected growth of the automobile and infrastructure sectors, major paint players are likely to clock double-digit growth in volume in FY19