Shalimar Paints

Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.

CLSA downgrades Asian Paints to 'sell'

Jindal family-backed paint company taken up goal of modernising plants, enhancing capacity

Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex

The improved liquidity position, increased reach and distribution network through Hella is expected to improve the operating margins of the company going forward

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

The recent reversal in paint stocks may see aggravated buying momentum after conquering significant resistances

The stock soared 13% to Rs 158, also its 52-week high on the BSE, on back of heavy volumes.