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Paint Stocks
Weak consumer sentiments coupled with persistent rains through the quarter and floods in some parts of the country weighed on the company's September quarter performance
On October 4, Akzo Nobel India received communication from Akzo Nobel NV that AkzoNobel for a portfolio review with initial focus on Deco South Asia.
Paint stocks decline as Brent crude oil set for steepest gain since February 2023
Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies
Akzo Noble India shares climbed following the start of commercial production of powder coating products from its Gwalior plant with an installed capacity of 5,166 tonne per annum.
Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints
Some brokerages have reduced target prices after muted Q1 showing
Paint stocks to buy: The competitive scenario in the paint sector will only increase in the near to medium term, caution analysts
Find themselves painted into a corner, blending festival-fuelled revenue with the undertones of sluggishness from price cuts and a subdued luxury mix
As competition intensifies, brokerages turn pale on paint maker's stock
Its decorative and industrial coatings business saw a combined value growth of 6.1 per cent, with a strong double-digit industrial coatings value growth
Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months
What next in Sebi's Adani probe? How will cops in Delhi Metro affect you? Is it time to book profit in paint, tyre stocks? What is Hawala? All answers here
The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
What does monsoon forecast mean for India's economy? Is Ahmedabad the next corporate hub? Will rising crude oil prices erase margin for paints? What is the China and Taiwan conflict? Answers here
Analysts advise investors to avoid the sector over the short-to-medium term
The combined market size of the building material sector could touch Rs 2.7 trillion by FY26 from Rs 1.3 trillion in FY22
A fall in raw material prices from their recent peak and improved product mix will help drive EBITDA margin for Asian Paints in the coming quarters, analysts said
Companies to post double digit volume growth in the quarter
CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent