HSBC’s buy rating failed to cheer investors as Asian Paints‘ stock witnessed some selling pressure in the opening trade on Friday. While Nuvama reiterated a buy stance, the domestic brokerage slashed its price target by more than Rs 500 per share which soured sentiments. Motilal Oswal took a neutral view on the counter citing competition-related … Read more
Shares of Asian Paints slumped more than 4% in trade on Tuesday, witnessing their biggest fall in nearly 10 months after the release of the June quarter earnings. The stock was the worst performer on Nifty50 and was last trading below the Rs 3,400 mark. The selling was backed by high volumes of more than … Read more
Asian Paints is one of the biggest paint companies in the industry with a strong distribution channel as its moat. It has four major business segments: decorative, international, industrial and home improvement. Each business segment has a different set of opportunities and challenges. The paint industry is highly dependent on the performance of the real … Read more
Although a favourite of long-term investors for compounding wealth consistently over the last few decades, the stock of has hit a rough patch. The Nifty stock slipped another 3 per cent on Tuesday morning to hit a 52-week low of Rs 2,585.05. The stock is now down over 22 per cent year-to-date (YTD) and 11 … Read more