Street signs: Price hike boost for paint stocks, Shyam Metalics IPO & more

Several traders were caught on the wrong foot due to the fall in shares of Tata Steel on Friday

Price hike boost for paint stocks
 
 Paint companies have initiated material price hikes in a phased manner in the first quarter of FY22. Despite the hikes, there is negligible impact on volumes so far. Analysts said most unorganised players will still seeing losses or generating negligible profits, while larger players will continue to gain market share even after raising prices. Akzo Nobel, Asian Paints, Kansai Nerolac, and Indigo Paints are likely to benefit. But analysts cautioned that it is too early to assume that price hikes won't impact volumes. "We believe the real impact of price hikes will be