Page 2 - Paint Stocks

Paint stocks in focus; Asian Paints, Berger Paints hit record highs

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

Berger capex remain unaffected amid pandemic, aims higher market share

The country's second-largest paint maker Berger Paints said that despite the pandemic its capital expenditure for this fiscal remain unaffected and will be the same as last year. The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore and the plant was expected to be operational from 2022 onwards, a company official said on Friday. The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry. "Yes, we love to gain further market share and close the gap between us and Asian Paints, and that is our endeavour. We have taken a lot of measures," Abhijit Roy, MD & CEO, said while replying to shareholders' questions during the 96th AGM of Berger Paints. "They (Asian Paints) are about three times our size and we are about 18-20 per cent and are quite hopeful that some of our strategies might work," Roy told reporters. He said the company

Paint stocks' valuations dicey, investors should await better entry point

Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips

Paint stocks in focus; Asian Paints hits record high, Berger Paints up 2%

Kansai Nerolac Paints and Shalimar Paints, too, were up 2 per cent each, as compared to 1.4 per cent rise in the S&P BSE Sensex at 01:08 pm

Paint stocks trade weak on concern of demand destruction in near term

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.

Cement, paint, pipes: Will construction relaxation aid these sectors?

With the demand likely to remain tepid even after the lockdown is lifted, analysts suggest picking stocks from long-term perspective and focus on firms with low debt levels and a healthy order book

OMCs, aviation stocks slip up to 4% as oil prices surge on US-Iran tensions

Iran's missile attacks on the Ain Al-Asad airbase and another in Erbil, Iraq, early Wednesday came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears

Broad strokes: Pricing power to help paint majors clock volume-led growth

Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor

Amid strong investor support, outlook bright for pricey paint stocks

Supportive macros and pricing power to help paint companies clock volume-led profitable growth, but buying on dips is advisable

Berger Paints hits new high in weak market, surges 12% so far in August

The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.

Brighter year ahead: analysts expect 14-21% rise in paint stocks

Given the pickup in the rural economy and expected growth of the automobile and infrastructure sectors, major paint players are likely to clock double-digit growth in volume in FY19