Paint stocks

Paint stocks jump up to 5%. Here’s what fueling the surge

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Paint stocks jump up to 5%. Here’s what fueling the surge

Shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a … Read more

Paint stocks may be due for re-rating soon

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Paint stocks may be due for re-rating soon

Mumbai: Stocks of Indian paints manufacturers are likely to outperform on expectations of strong revenue growth over the medium term, led by volume growth and price hikes in response to inflationary raw material prices, said analysts. The growth will mainly be led by the shortening of the repainting cycle, housing demand, conversion from ‘kutcha’ to … Read more