Month: September 2020

Painting stock valuations is risky, investors should wait for a better entry point

Shares of Asian Paints and Berger Paints have gained around 7% each so far in September, outperforming the 0.6% rise in major equity indices such as the BSE Sensex. Improved earnings visibility, driven by the recovery in activity and moderation in input costs, boosting investor sentiment towards them. However, analysts see no valuation comfort […]

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

Stocks of paint companies were the center of attention, with industry giant Asian Paints hitting an all-time high of Rs 2,028, up 2.5% from BSE in intraday trade on Thursday, pending higher demand. The stock broke its previous high of Rs 2,016 hit on August 25, 2020. That aside, Berger Paints India, Kansai Nerolac Paints […]

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