Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis.
JSW had moved competition watchdog alleging Asian Paints threatened various dealers from dealing with the company
The order came after JSW Paints filed a complaint alleging that Asian Paints threatened various dealers in Karnataka, Telangana and Tamil Nadu from dealing with JSW Paints
Polycab India jumped 6 per cent to hit a new high of Rs 1,109 since its listing on April 16, 2019
For Asian Paints keep a stop at Rs 802 and go short
An alumnus of the Indian Institute of Management, Bengaluru, Nandi has been with Asian Paints, working in various capacities and diverse markets including India, Middle East, and South East Asia
Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor
Weekly Technical Recommendations by Religare Broking Ltd
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Defying weakening consumer confidence, Asian Paints' net income has risen for two straight quarters to a record Rs 8.3 billion
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Led by volumes, net sales rose 9.4 per cent and Ebitda margin was up 60 bps in Q2; earnings visibility still looks strong, say analysts
Trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
For Asian Paints, keep a stop at 1,600 and go long. Add to the position between 1,632-1,638. Book profits at 1,40
Nestle India gained 4% to Rs 12,266 apiece, surging 7% during current week, after the company reported a 11% year-on-year (YoY) rise in net profit to Rs 438 crore for the quarter ended June 2019.
Analysts tracking the consumer and retail sectors say the five firms have deployed specific market strategies to push their top-line growth at the same time keeping a tight control on costs
Volumes grew by an estimated 17 per cent, operating profit margin was at a 12-quarter high
Against analysts' expectations of Rs 571 crore, its consolidated net profit jumped 18 per cent to Rs 655 crore from a profit of Rs 557 crore in the year ago quarter.
Focus now lies on how it balances volume growth, pricing, and profitability