Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inputs costs, indicate reports
Berger is also growing its international presence, major contributor to the growth would be the India market and drivers would be the decorative, protective, construction chemicals segments
Though the situation remains "complicated", the paint industry essentially provides "growth potential" in view of pent up demand, Berger Paints has said
Berger Paints India on Friday reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30
Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday
The company's Q4 show, however, was better than market leader Asian Paints
Berger Paints is the second largest paint company in India with 16 manufacturing units.
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future
Berger is in the process of setting up a Rs 700-cr plant in Uttar Pradesh
The paints major is contemplating to invest around Rs 100 crore to manufacture construction chemicals and putty, sources said
Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns
The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each
Revenue from operations grew 9 per cent to Rs 1,742.55 crore during the quarter under review.
Berger Paints India Ltd on Thursday reported an increase of 13.55 per cent in its consolidated net profit to Rs 221.05 crore for the second quarter ended September 2020
All that happened in the markets today
The product, developed by a group of scientists led by Prof Biman B Mandal, was launched on Friday
Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further
In the past three months, Asian Paints (up 22 per cent) and Berger Paints (up 19 per cent) outpaced the benchmark index, which gained 8 per cent during the same period
A 57 per cent market share in the automotive paints segment makes Kansai Nerolac the largest segmental player