Tag: berger paints

As Crude Oil Falls 30%, Paint Inventories Return to Focus; brokerage sees 68% upside in these stocks

As crude oil prices fall more than 30% from 14-year highs, paint company stocks returned to center stage on Wednesday. Asian Paints, Berger Paints, Indigo Paints, Kansai Nerolac and Akzo Nobel Indian jumped around 2% each on BSE on an intraday basis. Shares of Asian Paints and Kansai Nerolac rose more than 2% and were […]

Russian-Ukrainian conflict could lead to further increase in paint prices: Berger

Ongoing geopolitical tensions, particularly Russia’s invasion of Ukraine, and expected drop in crude prices will impact crude-related feedstock costs and could force the company to raise prices, says Abhijit Roy, Managing Director and CEO of Berger Paints India Ltd. . Raw materials related to crude represent 35 to 40% of Berger’s expenses. The company had […]

Paint stocks: paint stocks could be reassessed soon

Mumbai: Stocks of Indian paintmakers are expected to outperform amid expectations of strong medium-term revenue growth, driven by volume growth and price increases in response to commodity price inflation, have analysts said. Growth will be mainly driven by the shortening of the repainting cycle, the demand for housing, the conversion of “kutcha” houses to “pucca” […]

Paint inventories are piling up on rising price reports; Asians, Berger paints earn up to 6%

Shares of paint companies gained as much as 6 percent on BSE in Wednesday’s intra-day trade in a market otherwise limited by reports of rising prices. Asian Paints rose 6 percent to Rs 3,145.60, while Berger Paints India gained 5 percent to Rs 767.80, followed by Shalimar Paints (5 percent to Rs 95.75), Kansai Nerolac […]

Paint stocks tumble after ICICI Securities downgrades

Stocks of major Indian paint manufacturers fell after ICICI Securities downgraded them all a notch. “As we remain positive about their business model due to strong competitive advantages and long-term growth opportunities, rising input prices and high competitive pressures will impact their short-term profits.” , the brokerage said in its Oct. 24 report. In addition, […]

Paint inventories may soon feel the heat with rising raw material costs and increased competition

Paint businesses experienced a strong recovery in the first quarter of fiscal 2021 (FY21). Listed companies like Asian Paints, Kansai Nerolac and Berger posted volume growth in excess of 90 percent, along with similar value growth. Suppressed demand, a strong recovery in demand and a weak base contributed to the strong sales growth. The recovery […]

Grasim is not Jio; investors in paint stocks minimize threat of competition

Shares of major paint companies Asian Paints Ltd and Berger Paints Ltd have fallen 7% and 5%, respectively, since Grasim Industries Ltd announced plans to enter the sector in January. The expensive valuations of the two firms have remained more or less intact. “A new business is unlikely to disrupt the paint industry like Reliance […]

Indigo Paints IPO opens: trading strategies for other paint stocks

Web exclusivity Recent reversal in paint inventories could see buying momentum worsen after gaining significant resistance SubjectsPaint stocks | Indigo Paintings | Asian paintings Avdhut Bagkar | Bombay Last updated Jan 20, 2021 12:51 IST Shares of the paint companies traded outright on the stock exchanges on Wednesday as Indigo Paints’ three-day initial public offering […]

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 […]

Paint inventories advance on falling crude prices

Shares of six paint companies rose 0.90% to 4.93% on lower crude oil prices. Asian Paints (up 4.93%), Berger Paints India (up 2.88%), Kansai Nerolac Paints (up 3.05%), Akzo Nobel India (up 1.77%) and Shalimar Paints (up 0.90%) advanced. In the commodities market, Brent crude for the April 2020 settlement fell 42 cents to $ […]

Back To Top