The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
Analysts at Goldman Sachs see significant risks to sales growth as they expect consumers to down-trade and extend the re-painting cycle given the macroeconomic slowdown.
The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades, reports suggest.
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades
It is trading at nearly 28 times its trailing earnings per share against Sensex's 19.4
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.
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
The stock has rallied 21% in the past month.
As the global becomes local under the wide spread of Covid-19, brands across the world beat their drum to a single note: stay in, stay safe
Large distribution network, strong inventory management and brand equity, robust balance sheet and low input costs to help faster recovery
For Hindalco, keep a stop at 157 and go short
Awards announced for nine other categories; Adi Godrej gets Lifetime achievement award
The up-move in Asian Paints was supported by an exceptional rise in volume, indicating a possible continuation of the positive momentum
The Federal Reserve held rates steady as expected while offering no new guidance on its balance sheet, but Chairman Jerome Powell noted that uncertainties about the outlook remain
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Valuations of 50x FY21 estimated earnings are rich
Total income grew 3.3 per cent YoY to Rs 5,490 crore.